![]() ![]() A site like makes it easy to compare circulars between stores, or find the best price for an item using their search function. “Plan your meals based on what’s on sale at the places you shop. “Don’t meal plan based on what you’re craving,” Kendal Perez of Coupon Sherpa tells mental_floss. If you’re on a tight budget, here are some tips and tricks for reducing your weekly grocery store bill. On average, American families spend $151 a week on food, according to Gallup, and that number can easily increase if you have a larger household or the cost of living in your hometown is high.īut while groceries are a major expense, they’re not necessarily a fixed one. "You're going to have to work for those discounts.We all have to eat, but shelling out for groceries each week when your budget is already stretched thin can be excruciating. "You're going to have to work for your deals," he said. In the meantime, his advice for anyone looking to slash their grocery bill is the same as it was last year: use food apps to scour for sales, clip coupons to be on the lookout for bargains, and always keep an eye out for price cuts on food that's about to go past its best before date. ![]() "With an economic slowdown you will see fewer people willing to pay $30 for a steak and that really will help eventually." It sounds counterintuitive, but Charlebois says the spectre of recession might be what it takes to bring prices down, since consumers saying "no thanks" to expensive food items would bring prices down faster than anything else could. "We are just sticking to the essential items -absolute basic necessities." What can be done? "We have definitely cut down on things that are not necessary," she said. Where they once might have enjoyed a restaurant meal out two or three times a month, and treat themselves to the odd fancy coffee at a local cafe once in a while, they've completely eliminated luxuries like that from their budget, because they need every penny to keep food on the table. Canada's top grocers post above-average profits with little transparency, study says.On the other hand, a slowing economy could push down the loonie, which will hit grocery shoppers hard since so much of what Canadians eat comes from outside the country, especially in the winter months.īut when you add up all the factors at play, Charlebois says the long-term outlook is better than the short-term one. "Eventually all of these discounts up the food chain will catch up to consumers and we'll see that at the grocery store," he said. Supply chain bottlenecks are starting to move again, and the price of gasoline has fallen precipitously, which makes it cheaper to ship food across the country. "We're not expecting prices to drop, but we are expecting the food and inflation rate to to stabilize somewhat," he said. The good news, Charlebois says, is that while consumers should brace for high prices to stick around at least into the early part of the year, he is expecting some of those increases to ease in the second half of the year as the global economic situation changes. From energy to food prices and even inflation, here's how war in Ukraine could impact Canada's economy."Well, $25 a pound is almost unreasonable for people to pay we're not seeing that kind of price ourselves, there's a lot of in-between stuff where the inflation happens, with trucking costs and people just trying to make a living." ![]() He recently saw an eight-pound prime rib selling at a meat counter for $200. "We're looking at inflation rates of 75 per cent, which is almost unheard of, and it really cuts into your bottom line," he told CBC News in an interview. Jeffrey Bloom, a second-generation farmer who raises cattle on a farm in Turtleford, Sask., says he knows as much as anyone that prices for meat have skyrocketed this year, but the amount he gets per pound has barely budged, even as his costs have doubled.Īfter the record-setting run up in grain prices, cattle feed that might have once cost $300 a tonne is now going for $525, but he knows if he passes on that cost he'll lose customers. (CBC)Īfter a record-setting 2022, meat prices are not forecast to increase at a faster rate than food overall, but consumers should still brace themselves for prices to go up between five and seven per cent next year. Calgarian Julie Heyland says she has had to significantly change her family's diet this year because of inflation. ![]()
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