I don't have many qualifications for the presidency, but I can tell you the price of a gallon of milk or a loaf of bread. Bill Clinton was grilled about them when he ran for president in 1992. And, being Bill Clinton, he rattled off the correct prices and wowed some voters.
I might give Bill a run for his money when it comes to grocery-store prices. That's because I do the shopping in our family.
This week's column is a cheapskate's guide to grocery shopping. Consider it an early Christmas present. (Notice how it's not costing me anything.)
First, the bad news. Food prices have soared and aren't likely to get cheaper anytime soon. Soaring commodity prices were the culprit the past couple of years. But now that prices have dropped for everything from wheat and orange juice to beef, food makers aren't lowering prices much in turn. They know Americans aren't going to stop eating in a recession. Indeed, we may shop more at supermarkets as we cut back on restaurant meals to save money.
Even in this tough terrain, it's possible to cut your food bill. But you have to approach shopping strategically. Where you shop depends on what you eat. I employ the following multipronged approach, which could work for many households:
Focus on the basics. It's key to have one store that has reasonable prices for most everything. That's going to be your first stop most weeks, and if you're pressed, it may be your only stop. Wal-Mart Stores, of course, is hard to beat on price, and it has a surprisingly good selection these days.
But it doesn't have to be Wal-Mart. When I lived in Dallas from 2004 until earlier this year, I did the bulk of my shopping at Fiesta Mart, a chain that targets Hispanic shoppers. Its prices are low, it carries Mexican sauces my wife uses in her cooking, and it has a large assortment of non-ethnic grocery items.
Buy one, get one free. Supermarkets can run some astounding specials that can make Wal-Mart look expensive. In my new home state, New Jersey, my local supermarket will sell strip steak for $3.99 a pound or grapes for 99 cents a pound or chicken breasts for $1.29 a pound.
If you're flexible with what you eat, you can simply consume whatever's on special and eat pretty cheaply. My five-person family consumes three or four half-gallon cartons of orange juice a week that cost roughly $3.99 apiece at full price. The good news is that our local store usually has one brand on sale every week at a price between $2.50 and $2.99. So that's what we drink that week.
Think ethnic. I'm a big produce hound, and in most of the places I've lived, the best buys can be found at ethnic grocery stores. They serve customers who eat lots of produce and aren't willing to pay an arm and a leg for it. Good chance there's such a store in your area.
In Dallas, the above-mentioned Fiesta Mart has good produce deals. In an earlier stint in New Jersey, we bought our fruits and vegetables at a neighborhood store owned by Korean-Americans. The prices were probably a third below a normal grocery store's.
Has anyone seen the arugula? Whole Foods Market isn't called 'Whole Paycheck' for nothing. Doing all your shopping there would be a good way to eat yourself out of house and home.
But there some good values in its 365 Everyday Value house brand on everything from olive oil to whole-wheat pasta. You can also do OK buying things like cereals or nuts out of the bulk bins.
Read the labels. I usually do, and I'm often surprised what I find. Stores generally give you a volume discount -- but not always. Sometimes smaller boxes actually have a lower per-ounce price.
Another thing to look out for: Instead of lowering prices, some food companies are cutting back on sizes. A few years ago, ice-cream makers quietly downsized the age-old two-quart container to 1.75 quarts. I bought ice cream the other day and noticed several major brands had downsized the standard carton yet again -- this time to 1.5 quarts. Talk about being cold-hearted.
I did discover one exception. Whole Foods still sells its house-brand ice cream in two-quart containers.
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