FORT WAYNE, Ind. (WFFT) -- Big retailers are raising prices for meat, produce and other food products across the nation, as inflation is higher than we've seen in years.
“It blows my mind,” Haley Cripe said.
Money is tight for the single mother of one.
“The price of rent on top of everything else is just gonna really put people in a situation they’re not ready for,” Cripe said.
But why? Economist John Kessler says the answer is simple.
“Supply and demand," Kessler said.
Kessler says there’s an increased demand for products because covid relief and stimulus checks has put more money in people’s pockets.
“On the supply side, we have this issue of all kinds of shortages."
That includes labor, transportation, shipping, farming, water and more.
So, what can you do?
“If you haven’t already if the last couple of years haven’t convinced you to get your finances in order I don’t know what’s gonna convince you,” Kessler adds.
Martha Treat is up for the challenge.
“We’re gonna have to be a lot more careful with how we spend,” Treat said.
For the retiree that means only buying the necessities, couponing and avoiding name brands.
“Cut down on unnecessary items and little treats like bought desserts. No, no, no. Make more homemade stuff,” Treat explained.