Many consumers are feeling the pain from higher prices With the advent online grocery shopping, like with Amazon’s (AMZN) recently announced grocery delivery service, the way in which consumers buy groceries is shifting.
USDA Regional Food Business Center’s Dawn Thilmany joins Wealth! to break down the best ways for consumers to save money on groceries in an evolving consumer landscape.
Thimnay offers this insight into which category will grow in expense:” I think you’re going to start and continue to see it in the processed foods. So sometimes people are eating out away from home at restaurants. Those are the prices seeing the most pressure right now and that’s because of labor costs. We’ve made a commitment across the country in many states to start bringing up the labor and wages and if not because of policies, because of the workforce pressure that there’s just not enough workers. Labor is really driving this. So if you think about where labor is most intense in the food systems, it’s those prepared meals.”
Watch the video above to hear Thilmany’s tips for saving some cash.
For more expert insight and the latest market action, click here to watch this full episode of Wealth!
This post was written by Nicholas Jacobino