Shopping
Grocery shopping: how often to go and how much to spend
LOS ANGELES – Despite a slowdown in inflation and economic growth, many Americans still face significant financial pressures, especially when grocery shopping.
Recent data from Purdue University’s Consumer Food Insights report highlights that, even as inflation levels near pre-pandemic figures, many still feel the pinch with grocery prices surging over 21% since early 2021—outpacing general inflation.
RELATED: Why are food prices so high despite inflation falling?
This stark increase and economic uncertainty have left many consumers questioning how frequently they should visit the grocery store.
Rising grocery costs are not your imagination
Similar to Purdue University’s findings, a recent Drive Research analysis also indicates that grocery shopping has become increasingly financially burdensome.
The report reveals that in 2024, consumers will spend an average of $174 per grocery visit, a significant increase from previous years.
This rise in expenditure, observed among over 1,000 surveyed consumers across the U.S., suggests a shift toward more deliberate and potentially less frequent grocery shopping trips as individuals adapt to these economic pressures.
What are grocery shoppers buying?
Top purchased items include:
- Dairy goods (82%)
- Fresh produce (80%)
- Snack foods (76%)
These items reflect ongoing consumer demand for both essential and comfort foods. The survey also indicates a significant reliance on physical stores for grocery shopping despite a rise in online grocery services.
Shopping patterns across different household sizes
Household size plays a crucial role in shopping patterns:
- Larger households tend to spend more, with those having five or more members spending an average of $262 per trip.
- Smaller households (one person) spend around $131 per trip.
Consumer response to price fluctuations
In light of rising food prices, 56% of consumers anticipate spending more on groceries in 2024 than in the previous year. This expected increase in spending could be driven by ongoing inflationary pressures and the high cost of living, which continue to limit discretionary spending.
Where and when do people shop?
- Most Popular Times: Saturday from 10 a.m. to 1:59 p.m. is the busiest time for grocery shopping.
- Least Popular Times: Tuesday evenings post-8 p.m. see the fewest shoppers, suggesting a potential window for avoiding crowds.
Determining your grocery budget
To help consumers manage their grocery expenses effectively, the USDA publishes a monthly food budget that outlines suggested spending amounts based on various economic levels.
This budget is divided into four distinct plans: the thrifty plan, low-cost plan, moderate-cost plan, and liberal plan. Each plan is designed to cater to different financial situations and spending capabilities, providing a framework that helps individuals and families plan their grocery shopping according to their financial means.