On an evening news program, there was a report about grocery prices and inflation. The reporter claimed that the department of agriculture claimed that grocery prices are coming down and that the cost of eggs has dropped 60%. Also mentioned was chicken wings had dropped down to prices of over a year and a half ago. Yes, you read that correctly, that's what they reported. I was aghast. That was broadcast Tuesday night and I planned on grocery shopping the next day.
The week before I had noticed eggs had risen 50 cents a dozen at Aldi which is usually cheaper than the other name brand store I pick up things I can't get at Aldi. I did notice a few cents drop when I went to shop in Wednesday, but it wasn't anywhere near 60%. However, I happened to pop in to Aldi yesterday because I had forgotten to buy something and noticed that eggs had increased a few cents from Wednesday. I looked at chicken wings and I didn't see any drop reduction on them either.
I am concerned with the rising cost of food. The saltines we like has risen 14 cents. That's not huge, but when you see everything going up, or then the worst is the empty shelves, you know it could be a grim fall and winter. I was watching a Clark Howard video and he said that grocery prices were actually showing a 13% inflation rate; far higher than the overall inflation rate.
I continue to look for sales, but honestly, the grocery stores aren't running a lot of sales, at least not on some of the things we buy. We don't buy a ton of processed foods. I can and freeze what I can. I have written companies for coupons and some are far more willing to mail coupons than others. Some flat out informed me their prices were low enough and that they don't send out coupons anymore.
So far, we are fortunate that we can afford our groceries. But I wonder how many who are already livng paycheck to paycheck are doing it. They may be going to the food pantries, but even the food pantries are being stung by the higher costs and can get less for their money.
So, I'm not sure where the reporter was giving his facts other than quoting the department of ag's stuff, but maybe it is better other places than here in the Midwest. Are you seeing grocery prices going down?
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Add in the cost of fuel, which is rising because of market place disruption due to the war and price gouging, the cost of shipping everything is also up.
I think those of us who already know to shop sales, stock up, not waste are both better and worse off. We are already doing the things that will save money, but at least we know how to do them.
I am watching for sales on flour and sugar for the holidays already, and have added an additional store into my ‘rotation’ where although many things are expensive, the cost of eggs and cream cheese - two of my staples - are lower than my ‘regular’ stores.
I think the Social Security COLA will be in the 10% range this year, which will help some people.
I think we need to prepare ourselves though. Life is changing and somethings aren’t easily fixed.
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