Friday, February 10, 2012

In case you're wondering why your grocery bill is going up

A recent story brought this bit of cheery news ...

According to the Wall Street Journal, stores have raised the prices of private-label nonperishable food by 5.3%, compared to a 1.9% increase for goods made by national brands. Store-brand versions of perishable goods rose in price by 12%, compared to 8% for name brands.

Apparently, part of the problem is that shoppers are becoming loyal to store brands (for reasons other than price). Some stores are also upscaling their house brand and raising prices accordingly.

The old rules still hold true, it seems. Gotta pay attention to prices (and keep looking for tricks to keep costs down).

The full story
http://moneyland.time.com/2012/02/02/why-were-now-paying-more-for-generic-groceries/#ixzz1lrI231Mv

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