A week or so ago I posted about certain grocery prices on the rise and many responded you are seeing the same thing.
Last night as we watched Suze Orman, she predicted in 2012 that things might get worse. She said if gas prices continue to rise, groceries will as well, as much as 14-40%! She said that not only does the transporting of food go up, but petroleum products are used for make plastic containers for things that we buy. I never thought of that, but she is right.
As I'm fixing stuff, I'm thinking, am I going to be doing this because I want to save money or because I have to save money?
Suze Orman suggested that people stay conservative for 2012 because she thinks things could get tight. I read in the paper yesterday that the experts are now saying the recession was far worse than they originally thought. No kidding. One of our local food pantries is giving out 100-120 boxes of food each day.
So, do you think Suze is right on grocery prices going up as much as 40%? If she is, it is going to hurt the economy even more because housing and food are necessary items and people will be using their money to buy the necessities.
Food Fee Fussing
July 31st, 2011 at 08:04 pm
July 31st, 2011 at 08:33 pm 1312144419
July 31st, 2011 at 09:15 pm 1312146919
July 31st, 2011 at 09:49 pm 1312148982
Food prices have been going up for years, but our own budget has not gone up. There are several things we could do to lower our costs further (shop at even more discounted markets, use more coupons, eat less luxury items, etc.). I feel like I have plenty of room to cushion the blow.
Food prices will continue to rise steadily, but I really don't expect then to rise 40%. Will see...
July 31st, 2011 at 11:22 pm 1312154543
August 1st, 2011 at 12:04 am 1312157075
LuckyRobin, the prices you are finding sound remarkable to me. Didn't you find last winter's produce prices high? I did.
August 1st, 2011 at 12:28 am 1312158482
August 1st, 2011 at 12:28 am 1312158489
August 1st, 2011 at 02:29 am 1312165779
Small FYI, there already is a wheat shortage. So watch out for the cost of flour (and all goods derived of/from flour - - bread, cereal, pasta, etc.) to skyrocket.
August 1st, 2011 at 03:06 am 1312167961
I noticed soon after the recession started manufactures were coming out with TONS of coupons and kept them coming for quite a while.
The past 6 months (at leat in my area) I have noticed coupons for food are coming less and less. It seems there are plenty of coupons for health and beauty and cleaning items though but definately not much in the food way.
August 1st, 2011 at 11:39 pm 1312241977
I've been stockpiling flour to an extent in my freezer thinking if the price skyrockets, I won't be badly hurt. I've been buying it on sale and have a few 5 pound bags there.
I thought last winter's produce prices almost obscene at times too.
August 2nd, 2011 at 06:40 pm 1312310421