Going to the grocery store is going to cost more.
The Consumer Price Index figures show that food prices rose 1% while food at home jumped 1.4% in the month of April. Food price inflation is likely to intensify in the months ahead.
All food prices are predicted to increase between 4.5% and 5.5% in the year 2022, according to the U.S. Department of Agriculture.
The USDA said in its March report that food-at- home prices are expected to increase between 3% and 4%, and food-away-from- home prices are expected to increase between 5.5% and 6.5%.
Russia's invasion of Ukraine is putting upward pressure on food prices, even as the Federal Reserve tries to combat inflation by raising interest rates.
The forecast for fresh vegetables was revised downward.
Inflation has led many food and beverage companies to raise prices on your favorite packaged goods, as well as making the package smaller.
Tyson Foods, Coca-Cola and PepsiCo raised their prices due to supply chain and labor problems.
Here are some pro tips to cut costs or get more cash back if you want to avoid grocery store price hikes.
According to Julie Ramhold, a consumer analyst at DealNews.com, Checkout 51 is one of the most popular apps for earning cash back at the store. The average user makes between $10 and $20 a month, but more active users can make as much as $300 a month.
You can earn cash back for online grocery orders with CouponCabin.com, which is a free app and browser extension.
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If you have already done your shopping, take pictures of your grocery receipts and use the app to earn points that can be used for free gift cards at stores such as Target or Walmart.
This technique helps you cut down on your shopping list and save a lot of money along the way.
Lisa Thompson at Coupons.com said that when you plan your meals in advance, you are more likely to buy the things you need. If planning isn't your thing, at least go shopping with a rough idea of what you'll be cooking in the week ahead to help stay on track and avoid impulse purchases.
Ramhold at DealNews.com advised to plan around the weekly special to give your budget an extra boost.
If you don't have a preference, you can switch to a generic brand.
Thompson said to be open to trying new products, even if it means taking a break from your favorite products.
Maybe you will discover some new products that cost less.
A consumer shops in a Costco store in Miami on Sept. 28, 2021.If you want to save money on the rest of the items on your list, you can either buy in bulk or choose some frozen vegetables over fresh ones. If you join a wholesale club, you will often get the best price per unit on items you can use.
If you keep your pantry organized, you will know to cook or consume the food before it goes bad.
She said that you can use a site like Cooklist.com to find new recipes using ingredients you already have at home.
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