In fact, a recent survey found most U.S. consumers predict that they'll see even more price increases over the next year.

The survey-based report from Purdue University's Center for Food Demand Analysis and Sustainability (CFDAS) assessed food spending, consumer satisfaction and values, support of agricultural and food policies, and trust in information sources. Purdue researchers included 1,200 consumers from across the country and found that 64% predict food prices will climb even higher over the next 12 months, with shoppers predicting an average price hike of 3.7% on the items they buy.