HomeBusinessHow to save on groceries amid food price inflation

How to save on groceries amid food price inflation

To feel the effects of inflation, just go to the supermarket.

Although inflation, overall, began to ease last month along with gas prices, food costs climbed 1.1% in July, bringing the year-over-year gain to 10.9%, according to the latest Consumer Price Index figures.

The food-at-home index, a measure of price changes at the grocery store, notched the largest 12-month increase since 1979.

Cereals and baked goods cost 15% more than they did last year. Milk and dairy products are 14.9% higher, and fruits and vegetables are up 9.3% over the year.

More from Personal Finance:
What a recession could mean for you
Best money moves after the Fed’s interest rate hikes
Nearly half of all Americans are falling deeper in debt

“Consumers are getting a break at the gas pump, but not at the grocery store,” said Greg McBride, chief financial analyst at Bankrate.com. “Food prices, and especially costs for…

Read more at www.cnbc.com

- Advertisment -

Most Popular