Some people blame grocery stores for not doing enough to keep prices low . . . but the reality is that their hands are tied, because inflation and supply chain issues are making inventory more expensive on their end as well. In a recent poll, shoppers guessed that their main grocery store has a net profit of 33%. But that’s a LITTLE off. The average net profit for a supermarket has been close to 1% historically, and as high as only 3% in 2020.
But there are some tips that YOU can do to keep your food costs down. They include: Shopping at discount grocery stores more often . . . buying fewer luxury or organic items . . .
Buying more items on sale . . . shifting to store brands on some products . . . buying in bulk . . . working off a list and avoiding “impulse” items . . . substituting similar, less expensive meats and vegetables . . . and comparing prices at multiple stores before buying.