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“Seven dollars for cereal?!” So we live in Manhattan and prices might be a bit higher than average, but there’s no doubt you’ve also called the price of household staples—bread, milk and meat—into question on recent treks to your own grocery store.
Lots of people use places like Costco or Sam’s Club to stock up, but some creative folks are taking buying in bulk to a new level and stockpiling food in case prices continue to rise. According to the Department of Agriculture, food prices will see a 4 to 5% increase this year, with the greatest jump in price for breads and cereals at 8.5%.
Stockpiles, last seen during the 70s, can serve one family or a few on the same block who pool resources. With the rising cost of just about everything these days, have you changed your buying habits at all? [WSJ]