Determining how much to spend on groceries and creating a budget has always been a challenge for many households. In recent years, inflation made it more complicated. Grocery shopping is still not an activity that most shoppers would call cheap, but things have improved. Still, grocery budgeting remains an ever-complicated math puzzle
According to the Consumer Price Index, the average cost of eating food at home rose 11.4% in 2022 versus 2021. In 2023, prices have been more wallet-friendly. According to the most recent Consumer Price Index report, the index climbed 3.7% from September 2022 to September 2023.
So how much should you be spending on groceries these days? Well, as you might expect, when it comes to buying food at the supermarket, there aren’t any hard and fast rules, especially if you’re staring down some delicious looking processed snack that you know you shouldn’t eat but it’s been a rough week.