How to Navigate and Survive Inflation
Story by Bryce Turner. Photo courtesy of Enterra Solutions.
Grocery store shoppers have recently experienced a rise in prices for certain products. Shoppers have complained about how steak prices, for example, have significantly increased. According to News19, “Prices jumped pretty radically, everything from the meat to pre-packaged food. A normal steak might have cost $8, and now it's $12. If you want to get two, it's like $22 to $25.”
Inflation has affected my family tremendously. When my aunt came home from the grocery store, she mentioned that food has gotten so expensive now. But what is inflation? Inflation occurs when spending on goods cannot keep up with production. Prices can rise because of inability to gather the supplies necessary to produce goods and offer services.
It seems that inflation is here to stay with us until the supply of our favorite products can increase. We as citizens cannot fight inflation, however we can create solutions to survive the extra costs. For example, BudgetBytes is an app that helps you budget your money and cook tasty meals at an affordable price. It can help you save money and stick to a budget whenever you are in a grocery store. BudgetBytes is available on the app store for iPhone and PC.
Bryce Turner is a senior at Friendship Collegiate Academy.