Are you noticing your basic groceries keep getting more expensive each time you shop? Same.
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The pandemic of 2021 and the recession of 2023 are two major economic events that are affecting our daily lives in significant ways. These events have had an enormous impact on the grocery industry, with consumers becoming increasingly concerned about the cost of food.
Comparing grocery prices during these two events can provide valuable insights into how the industry has been impacted and what we can expect in the future.
During the pandemic of 2021, grocery prices increased significantly due to disruptions in the supply chain and panic buying. Consumers rushed to stock up on essentials, leading to shortages and higher prices. Demand for items such as toilet paper, hand sanitizer, and disinfectant wipes skyrocketed, causing some retailers to increase prices to take advantage of the situation.
On the other hand, during the recession of 2023, prices may have actually decreased as people become more budget-conscious. As unemployment rates rise, many consumers may be forced to curtail their spending on non-essential items. However, even if prices do go down, consumers may end up buying less due to job loss or decreased income.
In both situations, it’s important to compare prices across multiple retailers to find the best deals. During the pandemic, many consumers turned to online grocery shopping to avoid crowded stores and take advantage of discounts offered by larger retailers. In the future, online grocery shopping may continue to grow in popularity as consumers look to save money and reduce exposure to the virus.
Another factor to consider is the quality of the products. During the pandemic, some consumers may have focused more on the price than the quality, while others prioritized trusted brands and premium products. In uncertain economic times, consumers may be more likely to invest in higher quality items that will last longer, rather than buying cheaper products that may not hold up over time.
In conclusion, the pandemic and recession have both had significant impacts on the grocery industry, and comparing prices before making a purchase is more important than ever. With more people shopping online and looking to save money, retailers may need to reconsider their pricing strategies to remain competitive in the market. By staying informed and shopping wisely, consumers can continue to save money on groceries even during difficult economic times.
What grocery items have gone up the most from what you've seen? Original haul video here (subscribe to my vlog channel too!): https://youtu.be/vBsK7Hj6qWo
I kind of wish you would’ve done aldi or a more affordable store ….
I still have grocery ads from 2020, and the biggest differences: eggs, lettuce, meat (esp. ground turkey), oats, cereal
I loved your video, a thousand likes, cordial greetings from Mexico City. congratulations on your channel.
Just price everything by the once and that the true price shrink product size is how it’s happening
Citrus has gone up considerably because of the citrus blight
Hi. Hi. So precious at that age.
Expected to see a real report, but it looks like propaganda report.
I think it's important to look at it from the perspective of the percentage increase too. 20 cents here and there does not seem like a lot. But 20 cents on an item that's only a couple dollars is huge. Really interesting video!
Bitcoin trading right now will be at every wise individuals list . In few months you'll be ecstatic with the decision you made today
Most rich people stay rich by spending like the poor and investing without stopping then most poor people stay poor by spending like the rich yet not investing like the rich but impressing them
This proves that there are ways to keep things affordable. We love Trader Joe’s!
https://youtu.be/Md6rrU3o0ag
You should double check sizes. Often when a price doesn't go up as much, the size goes down. It's called "shrink flation"
Eggs?
Oh my goodness, your littles are so precious at the end ☺️☺️
Very interesting that the prices hadn't gone up that much. I bet if you had purchased eggs, the price would have been whoa!! LOL
They try to keep the same price, but the amount is getting less for the same price .
Fantastic video! TJ is still good value.