Rebound: Grocery shopping

Posted at 10:57 PM, Jun 26, 2020
and last updated 2020-06-26 23:57:22-04

During COVID-19, data from the USDA shows prices for most groceries are up about 3-5 percent compared to last year, especially for items like milk, meat, fresh fruit, and vegetables.

Experts say the price increase has to do with processing plants being closed, combined with more people being home and panic buying.

Here's some tips to help make your money stretch - shop at several different stores for the best deals, buy in bulk at warehouse stores, or download grocery apps that offer cash back.

"Food supply chains essentially cannot move inventory fast enough...with the prospect of a second wave of COVID-19 cases some consumers are still in this panic buying mode if you will and unintentionally those actions are contributing to higher prices," explained Dean Le Blanc, a professor of Supply Chain Management. "Make sure that you're shopping at multiple stores. We all know that when it comes to food selections that most grocers have some strengths and weaknesses"

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