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Raising Prices On Goya Product

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Goya food products are seen in a supermarket in Los Angeles, California, U.S., July 10, 2020.  REUTERS/Lucy Nicholson

Goya food products are seen in a supermarket in Los Angeles, California, U.S., July 10, 2020.  REUTERS/Lucy Nicholson (Reuters)

Rising food prices have been one of the most visceral reminders of red-hot inflation, which has created severe financial pressures for most U.S. households. Food prices accelerated to a new four-decade high this summer, forcing Americans to cut out everyday items they can no longer afford.

According to the Labor Department, Americans are paying more at the grocery store for a number of items that have climbed considerably in price over the past year. That includes staples like eggs (38%), chicken (16.6%), milk (15.6%), potatoes (13.3%), rice (12.7%) and fresh fruits and vegetables (8.2%).

GOYA FOODS CEO RIPS ‘BIG GOVERNMENT’ FOR DISMANTLING NATION, WARNS HARD TIMES AHEAD

On top of that, America is in the midst of what many are calling the worst worker shortage in recent memory.

The logo for Goya Foods is seen on a sign outside the Goya Foods Great Lakes facility in Angola, New York, U.S. July 15, 2020.

The logo for Goya Foods is seen on a sign outside the Goya Foods Great Lakes facility in Angola, New York, U.S. July 15, 2020.  (REUTERS/Brendan McDermid)

Throughout the pandemic, Unanue said his company “never stopped working” because it was deemed essential. But the country’s largest Hispanic-owned food company felt the impact of employee shortages first hand.

“Work is essential. It gives us our reason…each one of us is ma