Are Massachusetts Supermarket Prices Higher?
As you make your last minute trips to the grocery store for Christmas Eve and Christmas Day, you may see Massachusetts supermarket prices HIGHER in Massachusetts and all of the Northeast.
Is Inflation Lower?
With reports of the Fed lowering interest rates, we have seen a stock market bump. Let’s hope that continues. We have also seen gas prices come down a bit. The average price of gas in New England is around $3.05. But are these attempts at easing the cost of goods helping us in the wallet.
Cost of Goods Higher?
I saw a friend of mine who is a car salesman. I commented on how he lost a fair amount of weight. He replied that his new side job of driving for Fed Ex has kept him very active. What? A side job at Fed Ex? It’s true. With inflation and the high interest rates, it’s hurt the car business. Car loan interest rates are through the roof, making new cars unaffordable for many. Think about it. How many TV or radio commercials selling cars have we seen or heard recently?
Are Supermarket Prices Higher In Massachusetts?
According to Boston 25:
The analysis of 150,000 stores nationwide, collected with the help of Datasembly, showed that grocery prices on the national level are 5.3% higher this holiday season compared to the last and prices are 25% higher than what we saw in 2022.
So if a family spends $500 on groceries, you can expect to spend another $33.
Tips On Saving While Grocery Shopping
Bankrate.com shares some tip on how to save more while grocery shopping:
-Don’t buy hygiene products at the supermarket. Choose Walmart or dollar stores
-Shop alone. Impulse buying with kid, may cost you for stuff you don’t really need
-Prepare a meal plan
-Buy generic products: While Starbucks Coffee is more yummy, you’re paying double. Maybe save it for special occasions.
-Use store rewards cars. My Thanksgiving turkey was HALF the normal cost, because I timed out the sale.