Grocery Shoppers Are Using These Strategies to Combat Inflation: Survey
For the vast majority of Americans who don't grow what they eat, it's not feasible to avoid eye-watering prices at the grocery store. However, a recent study found that most shoppers are getting creative to save money. A LendingTree survey of 2,000 people found that 88% of shoppers said they're approaching grocery aisles differently as prices continued to grow from Dec. 2024 to Jan. 2025, jumping up .7%. January's food prices were 2.5% higher than the same month in 2024.
- The fact that many Americans are turning to generic brands and cooking at home is a testament to the resilience of household budgets in the face of rising costs, but also highlights the need for policymakers to address underlying issues driving inflation.
- As grocery prices continue to escalate, will governments and businesses be able to balance the competing demands of keeping prices low with the need to maintain profit margins and fund essential services?