Gas prices are incredibly volatile during world events. Russia’s invasion of Ukraine disrupted the supply chain and millions of barrels of Russian oil were withdrawn from the market.

Last year’s cyber attack on the East Coast fuel pipeline led to gas shortages, accumulation and strong price fluctuations. There are ways to find cheap gas in your area that can help offset rising costs. Tap or click here to learn more.

Gasoline is not the only product we need to worry about. Rising food prices will worsen, according to the USDA. Read on for an idea of ​​what to expect and a clean way to save.

This is not a good time to be nutritious

According to USDA food price forecast for 2022Food Consumer Price Index, which measures inflation, food prices in March 2022 were 8.8% higher than in March 2021.

Food price inflation is different for food bought away from home than at home:

  • The CPI for food away from home (restaurant orders) increased by 0.3% in March 2022 and was 6.9% higher than in March 2021.
  • The CPI for food at home (purchases from grocery stores or supermarkets) increased by 1.5% from February 2022 to March 2022 and was 10% higher than in March 2021.

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It is increasing by food category

The USDA predicts that all food prices will increase between 5 and 6%, and home prices will increase between 5 and 6%.

The following is a breakdown by category of projected increases in food prices:

  • Retail prices of beef increased by 1% in March 2022.
  • Retail pork prices increased by 1.4% in March 2022.
  • Beef and veal prices will rise between 6 and 7% in 2022.
  • Pork prices will rise between 4 and 5% in 2022.
  • Other meat prices will rise between 3.5 and 4.5% in 2022.
  • The aggregate categories of meat, poultry and fish will increase between 5.5 and 6.5% in 2022.
  • Meat will increase between 4.5 and 6.5% in 2022.
  • Egg prices rose 2.2% in February 2022, followed by a 1.9% increase in March.
  • Poultry prices are expected to increase between 7.5 and 8.5%.
  • Egg prices will rise between 6 and 7%.
  • Fish and seafood grew by .8% between February and March 2022.
  • Prices of fish and seafood will rise between 5 and 6%.
  • The prices of fats and oils are expected to increase between 8 and 9% in 2022 compared to last year.
  • Prices of fresh fruit will rise between 6 and 7%.
  • Prices of fresh vegetables will rise between 4 and 5%.
  • Prices of processed fruits and vegetables will rise between 5.5 and 6.5%
  • Sugar and sweets will increase between 5.5 and 6.5%.
  • Prices of cereals and bakery products will increase by between 6 and 7%.
  • The prices of soft drinks will increase between 4.5 and 5.5%.
  • Prices for other foods will rise between 5.5 and 6.5%.
  • The aggregate categories of fruit and vegetables are projected to increase between 4.5 and 5.5%.
  • Prices of fresh fruits and vegetables will increase by between 4.5 and 5.5%.

How to save on groceries

Do you want to save on everything from groceries to petrol? There is an application for this.

IN Top – Refund for gas and food the app can earn you up to 25 cents for every gallon of gas you purchase. In addition, you get up to 35% back from shopping in restaurants.

The refund app earns you money for transactions in restaurants, grocery stores and gas stations. Just upload a photo of your receipt in the app and 4 to 24 hours later your refund will be processed.

A cash refund for gas and food is available for iOS and Android.

You may like more: 5 apps that will save you money on things you already buy

https://www.komando.com/money/food-prices-increasing/838408/

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