Not only do we have to deal with rising gas prices, but our grocery bills are going to face an increase as well.
Although retailers and food producers are willing to soak up the higher commodity costs, food prices have still been going up.
Here's why it's pricier to shop for your eats:
- Many areas around the world have been plagued by bad weather conditions, which have impacted the amount of production.
- The smaller grain supply has increased the price of animals like pigs and cows, which consume them.
- As developing nations like China and India become wealthier, there is increased demand for food items.
Now that you know your bill is getting higher and that it's not just you, learn how to spend less on groceries by reading our tips on price matching, knowing what to buy in bulk, buying store brands, and using realistic tricks to save money. Do you have any savvy tips for shrinking grocery bills?