Professor Brad Stephenson thinks things will get better with supply chain issues and help from the Federal Reserve, but has no idea when.
LOUISVILLE, Ky. — If you’ve been grocery shopping lately, chances are you’ve experienced a sudden shock.
Bellarmine economics professor Brad Stevenson told WHAS11, inflation is at a pace we haven’t seen in a very long time.
“People may have to start making choices that they haven’t had to make in a while. We really haven’t seen inflation in a long, long time,” Stevenson said.
Stevenson says the rise in inflation we’re seeing in grocery stores has a lot to do with supply chain issues. Even with an increase in some wages, companies are now willing to pass on increased costs to consumers.
“The other day my wife said she was buying a pack of twelve sprites and instead of being $4.99 which was a few weeks ago it was $6, $49, or something like that,” Stevenson said.
Here in Jefferson County, you may have even noticed that certain items cost more in one store than the other. Stevenson told WHAS11 that this reflects the area served by the store and how much customers are willing to spend.
Stephenson thinks things will get better with supply chain issues and help from the Federal Reserve, but says there are no answers yet.
The best option to help you with your food budget is to shop around 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 money in the long run.