Introduction
As the cost of living continues to rise, it can be difficult to keep up with the rising prices of groceries. With inflation on the rise, some of the most expensive groceries are becoming even more expensive. In this article, we will take a look at the five most expensive groceries right now and provide some tips on how to save money on them. We will also provide some alternatives to these expensive groceries so that you can still enjoy the same flavors without breaking the bank. So, if you’re looking to save money on groceries, read on to find out which five groceries are the most expensive right now and how to eat this, not that.
These 5 Groceries Are The Most Expensive Right Now Amid Inflation — Eat This Not That
As inflation continues to rise, grocery prices are also on the rise. While some items remain relatively affordable, there are certain groceries that are becoming increasingly expensive. Here are five of the most expensive groceries right now amid inflation.
1. Meat
Meat is one of the most expensive groceries right now due to the rising cost of feed and other inputs. The cost of beef, pork, and poultry has all increased significantly in the past year. As a result, it’s important to look for ways to save money on meat, such as buying in bulk or opting for cheaper cuts.
2. Dairy Products
Dairy products are also becoming increasingly expensive due to rising feed costs and other inputs. Milk, cheese, and yogurt are all becoming more expensive, so it’s important to look for ways to save money on these items. Buying in bulk or opting for store brands can help you save money.
3. Fruits and Vegetables
Fruits and vegetables are also becoming more expensive due to rising transportation costs and other inputs. It’s important to look for ways to save money on these items, such as buying in season or opting for frozen or canned options. Additionally, buying locally grown produce can help you save money.
4. Nuts and Seeds
Nuts and seeds are becoming increasingly expensive due to rising transportation costs and other inputs. It’s important to look for ways to save money on these items, such as buying in bulk or opting for store brands. Additionally, buying locally grown nuts and seeds can help you save money.
5. Grains
Grains are also becoming increasingly expensive due to rising transportation costs and other inputs. It’s important to look for ways to save money on these items, such as buying in bulk or opting for store brands. Additionally, buying locally grown grains can help you save money.
As inflation continues to rise, it’s important to look for ways to save money on groceries. By being mindful of the most expensive groceries right now amid inflation, you can make sure you’re getting the best value for your money.
Inflation is at the highest level it’s been in the past 41 years as food and fuel prices continue to soar during the pandemic and war in Ukraine.
Grocery items, in particular, have caught the brunt of inflation, rising 8.6% for the past 12 months. This is the highest year-over-year increase since April 1981, according to the monthly U.S. Consumer Price Index (CPI), released Thursday.
The Bureau of Labor Statistics report found that gas prices were a big contributor to the increase. But, the price for groceries also got more expensive and rose 1.4% in February. According to the CPI, inflation is up nearly 9% for the year.
So what groceries are the most expensive right now? Keep reading to learn more about what’s putting a strain on consumers’ wallets. And for more of the latest grocery news, check out 6 Things You’ll See at Costco This Year.
Bringing home the bacon has just gotten a lot more expensive.
In February alone, the price of bacon increased by 0.8%—but had an almost 19% 12-month price increase. If you walk into the grocery store today, you’ll have to fork over about $7 per pound for bacon.
In February, the price of beef roasts rose by 1.6%.
The 12-month price increase was a whopping 18.6%. An average beef roast now costs over $6 per pound.
Ukraine is one of the world’s largest exporters of cereals, vegetable oils, and sunflower seed oil. Amid the war there now, market experts are concerned that global disruptions to the food supply will occur.
Since the week before Russia invaded Ukraine, prices of wheat have surged 55%. Ports in Ukraine that send wheat and other food staples worldwide to be made into bread, noodles, and animal feed are shut down as millions flee or stay to fight in the war. The cost of cereal and bakery products are at an all-time high, seeing a 7.8% price increase in the past 12 months.
Related: The Unhealthiest Cereals on the Planet
Eggs are 11.2% more costly than they were a year ago, according to the CPI. The average cost of eggs per dozen in the US rounds out at around $2.05.
A year ago, you were paying 11.2% less for your frozen fish and seafood. Since last month, the cost of this staple has increased by 2.4%. The price hikes are due to logistical challenges, high consumer demand, labor shortages, and supply issues, Samuels & Son Seafood CEO Sam D’Angelo told SeafoodSource.
For more info on inflation and how it’s affecting your wallet, check out how these recent price hikes could be causing shortages in the grocery store.
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