Amid food inflation, more shoppers turn to dollar stores for groceries

Among all the rising costs, skyrocketing grocery bills have been particularly painful.

Although consumer price IndexAn inflation gauge that measures the cost of a broad basket of goods and services began to ease as the latest reading showed food prices rose again, US Department of Labor reported,

Over the past year, food prices have increased by more than 10% overall. egg pricesalone, increased by 60%, butter is more than 31% and lettuce That jumped 25% as of December, according to Labor Department data.

As a result, consumers are looking for any — and all — ways to save. For some, that means shopping at their local dollar store.

Slowly but surely, discount dollar stores’ share of total grocery spending is creeping up a recent report From Coresight Research. Already more than 1 in 5 consumers buy groceries at dollar stores, according to Coresight’s weekly US Consumer Tracker.

A separate study published in American Journal of Public Health It also found that dollar stores were the fastest growing food retailer, as they are expanding rapidly. unmatched speedEspecially in rural areas.

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Country’s leading category to woo buyers dollar general And dollar Tree— which owns Family Dollar — is adding stores and remodeling with more refrigeration units and expanding grocery offerings including healthier foods and fresh produce, Coresight reports.

“If the two retailers continue to improve the quality of their fresh food while maintaining the low prices associated with their brands, there is a high likelihood that this will strengthen their value proposition with their existing consumer base and The higher price will also pull in new customers from retailers,” the report said.

However, the value isn’t always there, he added. Despite the name, “you’d be hard-pressed to find items that are only a dollar.” It is important to check the unit price and compare it with the offers at other stores, which include walmart And Trader Joe’s, Ramhold said.

Plus, groceries will still be smaller than those at a supermarket or warehouse club. For example, the selection of fruits and vegetables may be limited to more shelf-stable offerings such as bagged salad mixes and bananas, Ramhold said.

Plus, with less turnover, you’re more likely to get items near the expiration date. “It’s important to check ‘best by’ dates,” he cautioned.

To that end, Ramhold advises shoppers to focus on staples like rice, pasta and dried beans, which can be tailored to suit a variety of recipes and don’t cost a lot.

,Dollar Store Cookbook“Available on Amazon, there are recipes that are mostly limited to such pantry-stable ingredients, including Creamed Tuna on Toast Made with Canned Tuna and Cream of Celery Soup.)

1. Check out the sales. generic brand can be 10% to 30% cheaper Compared to their “premium” counterparts, and even better – but this is not always the case. Well-known brands may offer higher-than-usual discounts to maintain loyalty, so it’s important to do price checks.
2. Plan your meals. When you plan your meals in advance, you’re more likely to buy only what you need, says Lisa Thompson, savings expert at Coupons.com. If planning isn’t your thing, shop with at least a rough idea of ​​what you’re cooking the week ahead to stay on track and avoid impulse purchases.
3. buy in bulk. When it comes to the rest of the items on your list, you can save more by buying in bulk. Joining a wholesale club like Costco, Sam’s Club or BJ’s will get you the best price per unit on spices and non-perishable goods. Consumer savings expert Andrea Woroch advises, then, to keep your pantry organized, with foods nearing expiration so you know to cook or consume them before they go bad.
4. Use a cash-back app. According to Ramhold, two of the most popular apps for earning cash back at stores are Ibotta and Checkout 51. The average Ibotta user earns between $10 and $20 per month, but more active users can earn as much. $100 to $300 per montha spokesperson told CNBC.
5. Pay with the right card. while a normal cash-back card for example Citi Double Cash Card You can earn 2%, are specific grocery rewards card that can earn you up to 6% back at supermarkets nationwide, such as Blue Cash Preferred Card from American Express, of cnbc choose One full roundup The best credit cards for food purchases with the lowest APR and annual fees.

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