Evening news would just insist that we are "mis-remembering" things- "food has always been that price" Or call it the "new normal" (really hate that phrase)
Is it enough more to keep you from buying it? Maybe not now- but strap in.
I've got bacon, sausage, ribs, butts, chicken, brisket in the freezer. Sooner or later I will have to consider "replacement costs" when I'm considering what to cook for the weekend.