Consumer Alert: Inflation is at a 40 year high! Here’s a sure way to get cash back when you buy groceries.
ROCHESTER, N.Y. (WHEC) — Forty years. That’s how long it’s been since we’ve experienced this kind of inflation. The numbers out today tell us what anybody who feeds a family already knows. The price of everything is higher. Consumer prices rose 7% in December over last year. That’s the biggest jump since 1982. I took a look at some household staples.
Take a look at orange juice. According to Nielsen IQ, in November of 2020, the average price was $3.35. Now we’re paying $3.50. That’s a 4% increase.
Eggs were $2.33. Now they’re $2.63. That’s an 11% increase. How about chicken? In November of 2020, the average price was $3.03. Now it’s $3.29. That means we’re paying 6% more. The price of bread is no better. A loaf was $2.57. Now we’re paying 2.80, an 8% jump. The price of a burger has skyrocketed. Ground beef was $5.07 a pound. Now it’s $5.95. That’s a whopping 15% spike.
And then there’s bacon. Ouch. It was $5.33 a pound. Now we’re paying $6.47. That’s an increase of an eye-popping 18%.
A great way to save money every time you shop is to use a rebate app. I use Ibotta but there are plenty of good ones. Here’s a list:
- Ibotta: iOS and Android
- Dosh: iOS and Android
- Checkout 51: iOS and Android
- Coupons.com: iOS and Android
- Receipt Hog: iOS and Android
And here’s Deanna’s Do List for saving money at the grocery store:
- Shop on Wednesday morning. The new deals will be starting and grocers often continue to honor the old deals the week before.
- Find out when your store does meat markdowns.
- Tip-toe and squat. That’s because more expensive name brands are usually at eye level. The less expensive products are usually on high or low shelves.
- Buy frozen veggies. They’re cheaper, have the same nutritional value, and last longer.
- Buy your staples at discount grocers. The Today Show recently released a list of the 13 cheapest grocery stores in the country. We have four of them in the Rochester area: Aldi’s, Walmart, Costco, and Trader Joe’s.