Introduction
Grocery prices are about to get a lot more expensive in 2021. According to an insider, prices are expected to spike 10% for the rest of the year. This could have a major impact on your grocery budget, so it’s important to be prepared. Fortunately, Eat This Not That has some tips to help you save money on groceries and still get the food you need. We’ll show you how to shop smarter and make the most of your grocery budget.
Grocery Prices Are About to Spike 10% for the Rest of 2021, Insider Predicts
It looks like grocery prices are about to get a lot more expensive in 2021. According to an insider, prices are expected to spike by 10% for the rest of the year.
The news comes as a shock to many shoppers, who have already seen prices rise in recent months due to the pandemic. But the insider says that the increase is due to a combination of factors, including rising transportation costs, higher demand for certain products, and a shortage of labor.
The insider also warned that the price increases could be even higher in certain areas, depending on the local market. So it’s important to keep an eye on prices in your area and be prepared to pay more for groceries.
Fortunately, there are some ways to save money on groceries. For example, you can shop around for the best deals, buy in bulk, and look for coupons and discounts. You can also try to buy generic brands, which are often cheaper than name-brand products.
It’s also a good idea to plan your meals ahead of time and make a grocery list. That way, you can avoid impulse buys and stick to the items you need. And if you’re feeling adventurous, you can even try growing your own food.
No matter what, it’s important to be prepared for the upcoming price increases. So make sure to keep an eye on prices and take advantage of any savings opportunities that come your way.
Grocery shoppers have noticed their supermarket receipts have gotten shorter, but the total cost has gone up. Retailers across the country have reported item shortages, worker shortages, and shipping delays, which impact the prices of the food on grocery shelves. Unfortunately, one grocery store owner claims the price increases are about to get worse.
Gristedes Supermarkets CEO John Catsimatidis recently told Fox Business he expects food prices to spike again in the coming weeks. Gristedes is a New York City-based supermarket chain with more than 30 stores in Brooklyn, Manhattan, and Westchester.
“They’re going to drop all promotions, they’re going to have their main products, and prices are going up,” he says. “I see over 10% in the next 60 days.”
Catsimatidis claims grocery stores are going to try to “get ahead of the curve” in order to keep food on the shelves and costs as low as possible.
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Even staple grocery foods like milk and eggs are not immune to increases in prices, according to USDA data. In Kansas City and Philadelphia, customers are paying upwards of $5 per gallon.
Price increases may be causing customers to rethink their grocery shopping habits. A recent study shows that frozen food spending has risen dramatically during the pandemic because shoppers believe it is more cost-effective. The study reports that frozen food sales went up 21% in 2020, and the trend is continuing into the end of this year.
“Fresh food can be significantly more expensive at baseline than its frozen equivalent,” the study states. It reported that nearly 6 in 10 customers believe frozen food prices are more stable than fresh produce.
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