WINK
Putting food on the table is probably getting more and more expensive these days, but you could take a break soon.
WINK News consumer reporter Andryanna Sheppard has been tracking the prices of the same 10 items in local grocery stores for months now. Items include things like Honey Nut Cheerios, Bread, and Eggs. We went back to the same Publix, Walmart, and Target each time to compare.
Yesterday’s price is not today’s price, and tomorrow’s prices will likely continue to rise.
Consumers paid seven percent more in December 2021 than the previous year. It is the highest rate of inflation in 40 years.
But FGCU economist Victor Claar, Ph.D. says there is hope. “The forecast rates of increase appear to be getting smaller and smaller, so economists are forecasting an increase, but at least that was an increase that was not increasing as quickly as it has in recent months. . “
The grocery store is one of the more obvious places you’ve probably seen prices go up.
Most products have grown steadily since we started a monthly spreadsheet, but they have skyrocketed at all three stores this month compared to the last – if the products were on the shelf.
18 eggs at Target are costing 0.40 cents more than exactly one month ago, for a price of almost $ 2.80.
Honey-Nut Cheerios went from $ 2.82 to almost $ 4.
Nature’s Own Butterbread at Publix was $ 3.44. It costs you 0.10 cents more per loaf.
The omicron COVID-19 variant shares some of the blame.
“If you have covid in most workplaces you have to call a sick person and you have to quarantine yourself and that doesn’t help the pressures we’ve seen along the supply chain,” Claar explained. . This causes more bottlenecks throughout the supply chain and more pressure on your wallets.
We can’t control the prices in the store, but there are always ways to keep some more of your money in your wallet.
Take a look at your credit cards. Some offer up to five percent cash back on groceries. But if you don’t pay it, you’ll end up paying more interest.
Consider downloading cash back apps like I-botta. You download your receipt and get money. And of course, don’t be afraid to use coupons.
You can combine all of these money saving methods for ultimate savings.
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