We’ve all noticed the price hikes at the grocery, but how long have they been on the rise? Here’s a look at ways to navigate the tide of inflation.
Throughout 2022, journalists at APG took a deep dive into inflation, grocery store prices, and their effects on consumers and communities. Stacker worked with APG to consolidate this data and visualize how inflation impacted grocery prices at large and across each of these communities. Stacker also analyzed the Consumer Price Index from the Bureau of Labor Statistics for broader trends across the U.S.
“It was actually a blessing to have something of some value to sell so that I could afford to pay bills and also have some money for presents,” Ludens said. “At this time last year, my husband had a really good job. We were able to actually afford something like that. Turn around this year, it seemed like we’d be better off selling it.”Inflation moderating?
He also has a lasting memory of the rise in egg prices. “That’s the one thing that has surprised me, how can 18 eggs cost $7?” he asked. Milk prices are up 14.7% since November 2021, while meat prices have moderated some with costs coming down in November for some beef roasts and steaks. Ham and hot dogs are up 7.8% and 13.4%, respectively, according to the BLS.
Small also said her family decided against traveling during the summer due to the rising inflation at the grocery store and the gas pump to save up funds for a trip to visit family in Costa Rica during the holiday season. Among industrialized and larger economies, the latest inflation rates stand at 10% in Germany, 5.9% in Brazil, 6.2% in France, 9.9% in the Netherlands, 5.9% in India, and 10.7% in Britain, according to Trading Economics.
“Consumers only have so much say in prices. It’s companies that set the price, and consumers decide if they are going to pay for it,” Snipes. Near the California border in Klamath County, Oregon, Coleen Weeks takes the time to hand-make the gifts she sends out to family and friends. This year, her own garden provided her with enough to make strawberry, berry and nectarine-jalapeño jellies. She’s one of scores of DIY food and herb growers, dog- and cat-food makers, and aspiring farmers who popped up during the pandemic and inflation wave. Weeks’s thrifty ways are not limited to just her gifting practices, though. She also is a highly skilled bargain hunter, with an expertise in couponing.
“Make a list of what you need. Check for sales. Check prices at different stores,” Weeks explained. “Sometimes I save as much as 60%.”
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