Grocery prices are on the rise — here are 6 ways to keep your food budget under control. - NBCNewsBETTER
While the price of meats, poultry, fish and eggs rose 4.3% in April, the cost of frozen varieties of those same products has remained more stable, Lempert says. “You’re going to see less price increases there, especially on the meat, beef, chicken type of products,” he adds.as at the beginning of the pandemic when many Americans were stocking up on supplies.
That said, price increases on shelf-stable items are going to happen slower because they’ve been stored more in warehouses and the increased costs of raw materials haven’t hit the products on the shelves just yet. “We have not seen price increases across the board,” Lehman says. “It’s mainly just in items that may be vulnerable to inventory shortages.” That’s the case for meat, which is a far more concentrated industry compared to other sectors. There’s only a handful of brands and suppliers in the meat department of your local retailer, but there are a ton of snack food companies, so you likely won’t see price spikes on those items yet.
While it’s a good idea to continue to purchase self-stable products right now, start to pay more attention to prices on products that contain ingredients that may have had more challenges during the pandemic.
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