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Grocery Inflation Is Still Increasing

Grocery Inflation Is Still Increasing

Assessment

Interactive Video

Business

University

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

The video discusses the current state of inflation, highlighting that overall prices remained unchanged from June to July, marking a significant moment as it's the first time in over two years. However, food prices have seen a notable increase, with specific items like beef, cheese, and bakery products rising significantly. Factors such as higher fuel and labor costs, avian flu, drought in Brazil, and the war in Ukraine contribute to these price hikes. Consumers are adapting by being more selective in their purchases. The video also offers cost-saving tips, such as buying in bulk, opting for generic products, and using cash-saving apps.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the percentage increase in the cost of food over July of 2021?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What strategies did Amy Patton suggest for saving money on groceries?

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OFF

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