LOUISVILLE, Ky. — If you’ve shopped at the grocery store lately, chances are you’ve been faced with sudden sticker shock.
Bellarmine Professor of Economics Brad Stevenson tells WHAS11, inflation is at a rate we have not seen in a very long time.
"People might have to start making choices that they haven't had to in a while. We really haven't seen inflation in a really, really long time," said Stevenson.
Stevenson says the rise in inflation that we're seeing in grocery stores has a lot to do with supply chain issues. Even with some wages going up, companies are now willing to pass on the increased cost to consumers.
"My wife the other day said that she was buying a twelve-pack of sprite and instead of it being $4.99, which it was a few weeks ago, it was like $6.49, or something like that," said Stevenson.
Here in Jefferson County, you may have even noticed some items cost more at one store than the other. Stevenson told WHAS11, this reflects the area the store serves and how much customers are willing to spend.
Stephenson does believe things will get better with supply chain issues and with the help of the Federal Reserve but says right now there are no answers as to when.
The best option to help with your food budget is to comparison shop and find the best deals. You can also save money by shopping at stores like Costco or Sam's Club.
Shopping experts say buying in bulk can save you in the long run.
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