Whether it's coffee or chocolate, you're bound to observe the price increases on two or your grocery trip.

Based on government statistics The Consumer Price Index has increased 2.7 percent in the past 12 months. That's the largest increase since 2019. As firms continue to pass along the higher costs of materials, transport and other expenses our prices will continue to increase.

The pain is being felt by everyone. For those out of work the pain is much more severe. There is no one that these gains are not affecting. For those who have jobs, wages are not rising to stay informed about the price increases. Yet economists still don't appear to be alarmed.

While many are scrambling to catch up additional food at the prices of today it's already too late. Unemployment has prevented them from taking advantage of the costs of today and jumping on the band wagon. Church food pantries and food banks will have a huge influx of individuals struggling to put food on the table for their families.

Common increases will be in the following areas

In your local grocers expect coffee prices to have a massive jump. They've already jumped 27 percent between March and December as the firms have boosted their costs to reflect the increasing costs of processing and transportation.

Wholesale prices for chocolate have risen by almost 10 percent. Many retailers are preparing for enormous price increases whenever their current stock runs 31, although we may not feel the pinch due to Spring and Easter school earnings.

By treating your kids to 5, you will be cost depending on the brand purchased and whether or not you are buying specific or frozen brands. This is a result of the weather damage to Florida's citrus crops.

Most aren't a bargain as soon as you consider the costs although foods are convenient. Most companies that specialize in pre packaged foods are hiking their prices directly along side everything to compensate for the growth in packaging costs and transportation. Grocers are passing on the price increase to make the difference in these prices that are inflated up.

Anticipate your soft drinks to go up in price also. Up to 14 percent has increased .

Planning to fly

If you're arranging a trip and it entails the airlines you will want to brace yourself for the increase in ticket rates. Add that into the price of baggage that is checked and the cost of your trip might more than double.

Eating out

Forget the fine dining, if you do not have a coupon that is at least a two for one deal, you'll likely be priced right out of the ball park. With many raising their prices even the fast food places are jumping. With food prices' growth the price of beef will soar by the end of the year.

Gardening

Gardening may be the way. Vegetables and fruits have been increasing in price for the last several months. You may realize you could garden the majority of your favorites this year and can, dry or freeze them for use over the winter season.

Household goods

Expect prices for such items as diapers, soap, toilet paper, toothpaste, trash bags, feminine hygiene products and much more to increase right along side of everything.

With the growth in the market in decrease and costs many are turning to living with extended family and other resources to help make ends meet. Some are currently working more than 1 job and several are taking every odd job they could find to assist their situation. Will your family face the increase in prices? Will it affect you? Will you find a strategy and work with it?