New government data shows inflation is subsiding. But many consumers still report suffering sticker shock in their grocery store aisles.
But many Americans still report feeling financially strained from paying for groceries.by the prices they're seeing in the grocery store aisles. To that point, within the past few years, 80% of Americans say they've felt a notable increase in the cost of groceries, Intuit Credit Karma reported last month.Some consumers have had to sacrifice necessities to afford food, the personal finance company found.
Yet, 53% indicated they earn too much to qualify for food stamps or other government assistance but still have difficulties paying for necessities.51% have also seen increases in gasoline prices; 39% said other bills like cable, electricity and internet have spiked; 27% said housing costs have gone up; and another 27% said dining out costs have risen."Grocery prices skyrocketed during the pandemic, and in many cases they've kept going up, even though the pandemic is over," Sen.
"It's a good opportunity to create smart shopping habits," said Trae Bodge, a smart shopping expert at TrueTrae.com.Avoiding categories where food costs are surging may help keep grocery costs low, experts say. "There is a range of opportunities to make choices and to substitute at lower prices and to get better value," Hamrick said.Visiting different retailers — both in person and online — may help consumers find the best value available and take advantage of sales.
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