FOOD PRICES ARE GETTING WORSE

08Jun11

Food prices are getting worse.

Floods in the Midwest disrupting plantings. Tornadoes destroying crop land. Fuel prices shooting up affecting fertilizer prices and transportation costs. The global food supply is upset by political unrest. Global warming is changing crop yields.

The result? Coffee prices are at a 14 year high. Corn prices have doubled in 12 months. Meat prices are heading higher. The big cereal manufacturers are increasing their prices. Everywhere we look these days, food is either higher in cost or to compensate, smaller in size.

Belts have already been tightened as the recession lingers. Making due is a regular state of affairs and with these new pressures on food supplies, feeding a family is now tougher than ever.

And it doesn’t look like it will get any easier soon.

For decades Americans have benefited from an advanced agricultural infrastructure. From the farms to the supermarkets, food costs as a percentage of total family expenditures had reached historic lows. Now that benefit is being challenged by everything mentioned above.

With all of that in mind, understanding how supermarkets work can help families save thousands of dollars every year. Stores use loss leaders, items at very low prices to draw people in. Many savvy shoppers look for these and stock up. But many stores also work on 13 week schedules. So an item that is not seasonal maybe a loss leader one week and then again 13 weeks later.

Many tips like this can be found on FRUGALYANKEE.COM, but just as important if you have a tip or idea on how to save money at the grocery store, please share. We’re all in this together.

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The Frugal Yankee finds real value in the real world. Check out their new book GUIDE TO SUPERMARKETS.

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