Introduction
Grocery prices have been on the rise for years, and a new study has revealed just how much they have increased. According to the study, the average cost of groceries has risen by more than 20 percent since 2010. This means that the cost of food has gone up significantly in the past decade, and it’s likely to continue to rise. In this article, we’ll take a look at the study’s findings and discuss what it means for consumers. We’ll also provide some tips on how to save money on groceries, so you can still eat healthy without breaking the bank.
This Is How Much Grocery Prices Have Actually Risen, New Study Says — Eat This Not That
A new study has revealed just how much grocery prices have risen in the past few years. According to the study, the average cost of groceries has increased by more than 10 percent since 2015. The study, conducted by the American Farm Bureau Federation, looked at the prices of 16 basic grocery items in 36 states and Washington, D.C.
The items included in the study were apples, bananas, beef, chicken, eggs, milk, oranges, potatoes, salad mix, soda, strawberries, sugar, tomatoes, white bread, whole milk, and yogurt. The study found that the average cost of these items had increased by 10.2 percent since 2015.
The biggest increases were seen in the prices of beef, eggs, and oranges, which rose by 18.2 percent, 16.3 percent, and 15.3 percent, respectively. The prices of apples, bananas, and potatoes also rose significantly, by 11.7 percent, 11.3 percent, and 10.7 percent, respectively.
The study also found that the prices of some items had actually decreased since 2015. The prices of chicken, milk, and yogurt all decreased by 3.2 percent, 2.7 percent, and 1.2 percent, respectively.
The study concluded that the rising cost of groceries is due to a variety of factors, including the increasing cost of labor, transportation, and packaging. It also noted that the rising cost of food is having a significant impact on the budgets of many Americans.
The study’s findings are a reminder that it’s important to be mindful of your grocery budget. Eating healthy doesn’t have to be expensive, and there are plenty of ways to save money on groceries. For example, buying in bulk, shopping at discount stores, and taking advantage of coupons and sales can all help you save money on groceries.
If you’ve shopped at any grocery store lately, you probably noticed the receipt total is higher than it has been throughout the pandemic. Thanks to the seemingly never-ending supply chain problems, plus inflation hitting record highs, major food companies have increased the prices of their beloved goods… which means you’ve been paying more. But exactly how much more?
New data from customer data company dunnhumby based on a survey of consumers between Jan. 25 and Feb. 8, 2022 shows that groceries are going up in price, but shoppers believe costs are higher than they actually are, as per Winsight Grocery Business. The current inflation rate is around 7%, but people falsely believe it’s 10% higher than that.
Related: For more grocery news, here are 6 Things You’ll See at Costco This Year.
Big name food manufacturers like Kraft and Mondelez are raising prices to match inflation right now, but with shoppers assuming those prices are 17% higher than normal, there could be issues that arise should prices go up even more, says Grant Steadman, the North American president for dunnhumby.
“Americans’ belief that food prices are rising more than twice as fast as they actually are should concern retailers, manufacturers and the government alike,” he said. “This could diverge further, particularly if the security situation in Europe worsens and further impacts energy and commodity prices globally.”
There is good news though—there are two grocery chains that are neck and neck for the title of the cheapest supermarket in the country. ALDI, though, is pulling through at the moment, with prices a few cents cheaper than Walmart.
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