Food Inflation Continues It’s Destructive Rise
The cost of groceries has continued an upward trajectory in recent months but the increase may have slowed a bit….good news but the rate of increase annualized is frightening.
“Food prices rose 3.7% between September 2022 and September 2023, according to the most recent consumer price index (CPI) report from the Bureau of Labor Statistics. By comparison, at the same time in 2022 prices rose 11.2% over a one-year period. The CPI uses indexes to measure changes in the average costs of items in a given period. There are specific indexes for these items, including food costs. Source-Nerd Wallet
Simple math tells us that 3.7% x 12 = 44.4% increase annualized. That is a scary number…but what if it was only 2% a month, that “much lower rise” is still 24% increase annualized. This is not sustainable for most families, period.
Food inflation can have a significant impact on hourly workers, further exacerbating their financial struggles. As the cost of food rises, it puts added strain on already limited budgets, forcing workers to allocate a larger portion of their wages towards purchasing basic necessities. This leaves little room for discretionary spending or saving, pushing hourly workers into a cycle of financial instability. Moreover, soaring food prices can erode the purchasing power of the limited wages earned by these workers, which can lead to difficulties in meeting their nutritional needs and potentially compromising their overall well-being. The combination of rising food prices and stagnant wages creates a challenging situation for hourly workers, highlighting the pressing need for affordable access to quality food for all individuals in our society.
Solution?
Introducing the Food Storage Feast Online Course: Saving Money for Families, One Meal at a Time!
Are you tired of overspending on groceries each month? Do you find yourself throwing away expired food and wasting hard-earned money? Look no further! We have the perfect solution for you - the Food Storage Feast Online Course!
At Food Storage Feast, we understand the importance of ensuring that families can enjoy healthy, delicious meals while saving money. We have designed a comprehensive online course that empowers families to master the art of food storage, helping you stretch your budget and make the most out of every dollar spent.
Why choose our online course? Here's how Food Storage Feast can help you save money for your family:
Preservation Techniques: Food waste equals money down the drain. With our course, you'll acquire essential knowledge on food preservation techniques such as freezing, canning, and dehydrating. Maximize the lifespan of your favorite ingredients, reducing waste and saving you those extra dollars!
Budget-Friendly Recipes: Unlock a treasure trove of budget-friendly recipes that are easy to prepare, delicious, and nutritionally balanced. Learn how to use versatile ingredients and leftovers creatively, transforming them into appetizing meals for your family.
Stockpiling Essentials: Discover how building a well-organized and well-stocked pantry can lead to significant savings in the long run. Our course will guide you in building a collection of essential pantry staples, ensuring that you always have the ingredients you need without having to run to the grocery store every day.
Sign up for our Food Storage Feast Online Course today, and watch the savings add up as your family feasts on delicious, money-saving meals!
Disclaimer: Results may vary based on individual effort and commitment to the strategies taught in the course.