Cork Gaines/Business Insider
- Inflation is still hitting Americans hard at the grocery store.
- The high prices have me looking for new ways to save while shopping for my family.
- I use several apps that have helped us spend less than we were even before inflation soared.
While inflation has come down quite a bit this year, one place where Americans are still being hit hard is at the grocery store.
Overall inflation peaked at a year-over-year rate of 9.1% in June 2022. However, food at home prices (i.e., food you bring home from the grocery store) were hit even harder, reaching 13.5% in August of the same year. While that number was just 1.7% in November, we are not seeing deflation like we are starting to see in other areas.
Since January 2020, grocery prices are up just over 25% as of November 2023, outstripping the roughly 19% increase in overall prices. That means, in addition to being hard on Americans' wallets, sticker shock at the grocery store has been a gut punch.
I do the grocery shopping for a family of four, and the current economy has turned it into something that can be both stressful and a bit of a game.
One good thing about inflation is that it has forced us to be more price-conscious, and I am willing to put in a little effort to see how low our grocery bill can go. With the aid of a few apps, our family is now spending about 20% less on groceries than before inflation started to soar.
Here are the apps we use to fight inflation and save money.