smart spending

Price war: 5 ways to fight food inflation

How to fight food inflation and win
Next
Slide 1 of 6
How to fight food inflation and win

Food prices have stayed low in 2012 compared to last year, but food inflation may bring an avalanche of higher prices on produce and other goods in the coming months.

Grocery prices increased just 2.7 percent from June 2011 to June 2012, according to the Consumer Price Index. However, the most severe U.S. drought in 25 years may fry the chances of inexpensive grocery trips for consumers.

"Absolutely, this drought has the capability to have serious impacts on food prices," says Richard Volpe, research economist at the U.S. Department of Agriculture.

Prices for commodities such as corn and soybeans influence several links in the chain of the food-making process, he says. In turn, consumers could feel the effects at the grocery store in the next few months, according to the USDA.

Be ready for the rise in food prices. From discovering how to neutralize the "grocery shrink ray" to learning to trade certain products for cheaper ones, here are five ways to slice your grocery tab in hopes of fighting food inflation.


Next
Slide 1 of 6

 

 

advertisement

Show Bankrate's community sharing policy
          Connect with us
MORTGAGE HOME EQUITY AUTO CDs CREDIT CARDS
Product Rate Change Last week
30 year fixed 4.22%  0.06 4.16%
15 year fixed 3.32%  0.08 3.24%
5/1 ARM 3.52%  0.17 3.35%
 
View Rates in your area Next
Product Rate Change Last week
30K FICO-based HELOC 4.29% --0.00 4.29%
50K FICO-based HELOC 4.04% --0.00 4.04%
100K FICO-based HELOC 3.89% --0.00 3.89%
 
View Rates in your area Next
Product Rate Change Last week
60 month used car loan 2.79% --0.00 2.79%
48 month used car loan 2.99%  0.01 2.98%
60 month new car loan 3.24% --0.00 3.24%
 
View Rates in your area Next
Product Rate Change Last week
1 Year CD 0.95% --0.00 0.95%
2 Year CD 1.16%  0.01 1.15%
5 Year CD 1.71%  0.04 1.75%
 
View Rates in your area Next
Product Rate Change Last week
Balance Transfer Cards 15.75%  0.02 15.77%
Cash Back Cards 16.45%  0.03 16.48%
Low Interest Cards 10.96% --0.00 10.96%
 
Next
advertisement
FRUGAL NEWSLETTER

Discover new ways to cut costs and save more every day. Reduce your spending, not life’s pleasures. Delivered weekly.

advertisement
Partner Center
advertisement

Connect with us