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Several factors contribute to the contrast between lower inflation and persistently high prices.
GOBankingRates broke down some of these differences and how you might navigate them tokeep your budget on track.
However, their relationship is a little more complicated.
But inflation tracks broad economic trends, not the granular costs of individual items.
Take eggs, for example.
While inflation has eased, egg prices remain high largely due to avian flu outbreaks affecting supply.
Why Individual Prices Feel So High
Once prices go up, they tend to stay there.
Buteven if inflation slowsor stops, that higher price is likely to remain stuck where it is.
Thats expensive I remember when it was $3.99.'
How Do You Adjust?
Unfortunately, rising prices are well outside the control of everyday consumers like you.
So what can you do about it?
The best strategy is tolive as frugally as it’s possible for you to.
That can mean meal-prepping and buying in bulk or shopping at stores with consistently lower prices.
you’ve got the option to also find ways tostretch your budgetby looking beyond traditional stores.
You might score terrific deals at flea markets, vendor markets, or even community clothing swaps.
Joining your localbuy nothing groupcan help you score free items and beat rising costs.
You might also want to use cash-back apps and loyalty programs in addition to traditional coupons.
Cutting costs requires creativity and flexibility, but it can be done and may be easier than you think.
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