Like your average middle schooler, the U.S. economy is in a weird place right now.
The country has started to reopen after 14 months of shutdowns and travel restrictions, and we’re trying to go from zero to 100 real quick, which has created a bit of chaos.
Gas prices soared, and the jobs report didn’t live up to expectations this month, as inflation hit its highest level in 13 years. And we all know what happened in 2008 when we tried to course correct.
So, what does all this have to do with your grocery bill? Well, grocery prices were among the most inflated.
A glimpse at food price inflation
The prices of just about every food category have gone up significantly in the past few weeks. According to recent Nielsen IQ data, 50 of the 52 food categories that it tracks had higher prices than a year ago. Only milk and butter stayed steady.
In the 13-week period ending April 24, seafood prices were up nearly 19%. If you weren’t already avoiding salmon after watching Seaspiracy, you might be now. Meanwhile, baked goods were up about 7.5% from last year over the same period.
What can you do to combat the rise in grocery prices?
If you’re already struggling to pay for groceries every month, you may want to see what options are available to help cover the costs.
Extreme couponing is
Speak Your Mind