As gas prices continue to rise, many consumers are seeing an increase in food prices, not only in grocery stores, but at restaurants, farmers markets, and even food trucks. Why do gas prices drive up food prices? Food is transported long distances, especially if the food is imported from other countries. Higher oil and gas prices increase shipping costs, which then gets passed into higher food prices.
Not only are food prices going up, but some companies are considering shrinking service areas and laying off employees, which could in turn decrease the food supply in your geographical area.
In addition, non-profit organizations that provide meal services for the elderly, low-income families, and the homeless are also being affected by the increase in gas prices. Some of the vendors that supply meals to these organizations have added on fuel surcharges to their fees.
What steps can you take to save money on your food budget?
- Eat more meals at home.
- Buy generic brands.
- Buy food that has a long shelf life, such as frozen and canned food.
- Shop at discount stores.
- Don’t buy junk food – go for healthier choices.