With inflation driving up food prices, one third of American shoppers say they spend $100 or more on groceries each week. Here’s how to save money if you’re one of them.
7 in 10 Americans are more likely to shop on a budget—but quality still trumps price
A recent study from cereal manufacturer Malt-O-Meal shows that Americans are spending more at the grocery store—and budgeting even more. In fact, seven in 10 of those surveyed reported that they’re more likely to budget now than in the past.
Why are Americans spending so much on groceries? Inflation, the war in Ukraine, and other factors have driven up the price of food significantly in the past year. But some prices are climbing faster than others. For instance, eggs cost 23% more in April than in March, according to the US Bureau of Labor Statistics, thanks to a combination of inflation and the decimation of chicken populations by avian flu.
Even with prices so high, money isn’t the #1 concern that shoppers bring to the grocery store. 34% of consumers in Malt-O-Meal’s survey said quality was most important to them, compared to 30% who named price as the most important factor.
The 7 grocery store hacks you need to know
If you’re battling rising prices, it’s time to stop shopping smarter. These seven hacks can help you keep your grocery costs low in spite of world events.
And while you’re at it, download the Jerry app to free up space in your budget for better shopping! On average, Jerry users save over $800 a year on car insurance. That’s eight weeks of groceries—or more, if you’re using these hacks!