Food prices have soared due to supply chain issues and weather events, causing financial strain.

From Yahoo Finance: 2025-06-09 13:05:00

Food prices are still high, causing stress for consumers. Walmart CEO Doug McMillon notes shoppers are being more selective, prioritizing value purchases. Prices have shot up nearly 25% since 2020 due to supply chain issues and weather events. 70% of Americans struggle to afford groceries, with more challenges expected ahead.

Food prices at home and away have increased, with a 2% and 3.9% rise annually, respectively. The broader immigration crackdown may worsen food costs due to potential labor shortages. Tariffs could further drive prices up. Consumers may face another year of soaring grocery prices, but can take steps to reduce the burden.

To offset rising food costs, plan meals based on sales, focus on value purchases, and join loyalty programs for discounts. Using the right credit card for grocery shopping can provide cash back. Consider opening a high-yield savings account to earn more on your cash. Many Americans struggle to keep car insurance costs under 10% of monthly income.

Finding savings in your budget can help offset rising food costs. Searching for better deals on home and car insurance can save hundreds of dollars per year. OfficialHomeInsurance.com and OfficialCarInsurance.com can help you find the lowest rates. Planning ahead and comparing coverage benefits can save you money long-term.

Read more: What’s to blame and how to save