Grocery expenses are an unavoidable part of life. We all have to eat, and for the most part, that means we all have to buy groceries. If you’ve noticed over the last few years that your bill is getting higher and higher regardless of whether or not you have changed what you regularly purchase, you aren’t alone. Food prices have been increasing steadily since 2006.
The increase hasn’t been a small one either. In the last seven years, overall food prices have gone up 20 percent. While it is not unusual for food prices to fluctuate or even increase over time, the upward trend of the last decade is especially interesting because of the “why?” factor. The rise in food prices may be due to recent events.
When you think of biofuels, you think of a product that generally benefits our planet. Unfortunately, it appears that biofuels are also impacting your grocery bill to some degree. The increase in use of biofuels has created a larger need for agricultural products like corn and soybeans. This in turn has increased their price. Climate change has also been pointed out as a factor in rising food costs. Extreme weather events and changes to the landscape itself have hindered food production. Understandably, this is also affecting the price of food.
Some experts suggest that not only will food prices continue to rise, but food production will also go down in the next few years. While that outlook seems bleak, it is important to note that the overall percentage of money spent on food has lowered considerably through the years. So, even though food prices are on the rise, consumers are still spending a smaller percentage of what they make on food. It seems unlikely that trend will change.
If you’re still concerned over the rising food costs and the impact they’ll have on your daily life, there are ways to ease the burden.
The simplest is to start a garden. Whether you have the space for a large vegetable garden or just a little room to grow some herbs, you will be making a positive impact on your grocery bill by removing those foods from your weekly purchases.