Everything from the price of gasoline to the midwestern floods will affect your grocery bill in coming months.
Here is a report showing the cost increases of common food items, 2007 to 2008. The cost of celery is up 106%. Not surprisingly: the cost of meat is kept artificially low thanks to massive lobbyist subsidies. Here’s the cattleman’s report. Lesson: Eat fewer lentils and more tangerines.
Some solutions to food cost increases?
Get a grip on your budget. Know how much you can spend so you do not endanger your ability to pay for other necessities like housing. A good budget will stretch and maximize your available dollars. At Geezeo you can set up personalized spending targets.
Buy in bulk/buy items with less packaging. Bulk purchases are consistently cheaper. So are purchases of items with less packaging.
Buy seasonal items and freeze or can them for later. Summer is a great time to load up on fresh fruits and veggies. Freeze them for use later on when seasonal changes force prices up further. If you know how to can veggies you’re ahead of the game (teach me!).
Consider planting a WWII-style “Victory Garden”. Whether you live in urban or rural environments a few food-bearing, or herb-bearing plants are possible. It’s not too late for items like lettuce you can grow in a sunny window.
Related:
* Three Food Stocks with Upside Surprise
* Whole Food Stock Prices Has Me Dancing in the Aisles
* How to Invest in Food Stocks
* How to Invest in Food Stocks: The Middleman Plays
* How to Invest in Restaurant Stocks
February 8th, 2009 at 3:23 pm
In most other countries, vegetables, lentils and beans etc comparatively much cheaper than animal meat – and it goes with the simple logic that to get one lb of meat, the animal has to to be fed around 30 lb of grains. I wonder why they artificially control the prices of meat in the United States. Anyway, eating tangerines is better for health than eating meat!
February 8th, 2009 at 7:58 pm
Thanks for the tips.
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July 27th, 2009 at 7:53 pm
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November 17th, 2009 at 7:12 pm
I found a similar post on a different site and didn’t really understand it, but this article makes it easier to understand. Thanks!
February 8th, 2010 at 9:44 pm
Thanks for the informative post. It helped me a lot. May the Force be with you.