Hold onto your grocery carts, folks, because the cost of food in 2024 is set to increase yet again. While inflation is still brewing, the good news is that grocery price increases are expected to simmer down compared to the past year's white-knuckled ride. However, the devastating effects of climate change on crops and persistent production chain issues are still in play. So, where should you tighten your belt? Let's navigate the supermarket aisles together.
The Foods Set To Give Your Wallet a Gut Punch in 2024
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Dairy: Cheese lovers, grab your tissues. The cost of milk, cheese, and other dairy is predicted to be volatile. While some analysts are predicting prices will drop, others are predicting an increase due to higher production expenses resulting in fewer milk cows in 2024.
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Olive Oils: Time to re-think that extra drizzle of olive oil - prices are expected to rise due to global supply chain issues caused by climate change.
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Meat: Carnivores, brace yourselves. Beef, veal, pork, and even some poultry will inch up in price, reflecting higher feed and labor costs.
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Nonalcoholic Beverages: Your morning soda or afternoon iced tea might cost a bit more as beverage companies wrestle with rising production costs.
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Processed Fruits & Vegetables: Convenience may come at a premium this year, with frozen and canned goods experiencing potential price hikes. Blame COVID-19 outbreaks in processing plants, plus an increase in worker turnover.
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Sugars & Sweets: Brace yourself for a bit of sugar shock - candies, syrups, and other sweet treats might become slightly more expensive due to lower global supplies. The culprit: harvests in India and Thailand, the world's second and third-largest exporters, were damaged by drought.
This is the year to embrace the power of planning and seasonality! Make a grocery list, utilize store sales and coupons, and cook with fresh in-season produce when it's at its peak to keep your grocery adventures smooth and wallet-friendly.
Related Article: This Kitchen Staple's Getting Pricier In 2024: Why The Cost Of Olive Oil Is Set To Soar
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