economy
Why have tomato prices surged nearly 40% in a year?
Updated on: May 29, 2026 / 4:15 PM EDT / CBS News
TL;DR
- Tomato prices have risen nearly 40% in the past year, while overall food costs increased by 17%.
- A 17% U.S. tariff on Mexican tomatoes, implemented after withdrawing from a trade agreement, has increased costs for consumers.
- Tariffs collected on tomatoes have surged from $16,424 in 2024 to nearly $4.6 million.
- Mexico supplies nearly 90% of U.S. tomato imports.
- Bad weather and disease have reduced production in Mexico and Florida, lowering supply.
- Higher oil prices, influenced by the Iran war, have increased transportation costs for refrigerated trucks.
- The convergence of these factors has created a unique shortage and price surge for tomatoes.