Planning on squirting some ketchup on your hot dog at a barbecue this weekend? You may be seeing red. A 32-ounce bottle of ketchup went from $4.08 on average the week of May 16, 2022, to $5.22 in the week of May 15, 2023, according to Datasembly, which measures weekly changes in grocery prices at over 150,000 US stores for its Grocery Price Index. That’s a jump of nearly 28%. Other condiments are also pricey.
NIQ’s own data shows that in the week through April 30, ketchup prices were up about 14% year-over-year. Ingredient, labor and fuel prices all factor into the overall costs of consumer packaged goods companies, which make items like ketchup and buns. And some companies have also used inflation as cover to raise their own profits. Save on meat, splurge on ketchup Retailers are strategic about pricing ahead of holidays.
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