I do most of the grocery shopping in my household and do my best to get the most for my money. Over the past few months I have seen a series of increases and wonder if it will continue. These increases are not so drastic that I suspect many people just do not notice. Increasing prices just a few pennies at a time and/or shrinking the size of the package by a few ounces masks to most what is going on.
Once or twice a week I stop at Bojangles and buy a bacon, egg and cheese biscuit along with a large Diet Pepsi. Last summer I was paying $4.24 for the combo. Last week I paid $4.71. That is an 11% increase. Not massive hyperinflation but it is a decent increase.
I used to buy large cans of Bush’s Baked Beans for .99 cents. That was a few year ago. Last summer the price had risen to $1.25 at Wal-Mart and $1.50 at my local grocery store. I complained back then. Just recently I found the same product at Wal-Mart for $1.89 at Wally-World and $2.15 at that same grocery store. That is almost a 37%+ increase.
Last spring I would buy the store brand loaf of bread at my local grocery store for .99 cents. I am now paying about $1.45 for the same loaf. That is another 46% increase.
These are but a few of many possible examples of prices increases. Beyond just the raw prices increases I am finding sales are not as good as they once were. Additionally some stores have tightened their coupon policies which surmount to a price increase as well.
Every nickle and every dime add up. With the price of gas on the rise which no doubt will effect food prices (and everything else) – no better time than the present to stock up.