Anna Hartz
Food Costs Could Explode — Buy These Essentials Now
Grocery prices have been unpredictable lately. From egg shortages to global shipping delays, it doesn’t take much to throw off supply chains.
Now, new tariffs could be the next thing to push prices higher—especially for imported foods.
Starting July 9, the U.S. could put several tariffs back in motion. These taxes on imported goods may affect everything from olive oil to rice.
If they do, stores like Costco may see some sharp increases in popular grocery items, according to EatingWell.
Cooking Oils
One product to keep an eye on is cooking oil. Avocado oil is often made with fruit from Mexico. Olive oil is usually imported from Italy or Spain.
Both countries could face a 20% tariff. That could make everyday cooking oils more expensive very soon.
Meats and Fish
Beef is another item that may be impacted. A lot of the red meat sold in the U.S. comes from Canada.
Buying steak in bulk and freezing portions is a smart move for anyone trying to stay ahead of price hikes.
Salmon could also be affected. China has taken on more of the salmon supply in recent years.
Even if you’re buying American fish, prices may still rise due to demand. It’s a good time to stock your freezer. A vacuum sealer might come in handy, too.
Wines and Cheeses
Imported cheeses like Gruyère and Parmigiano-Reggiano could face a 31% price increase. These hard cheeses freeze well, so buying in advance makes sense.
Wine lovers may want to grab bottles from France or Italy before prices go up. Costco carries Champagne, Bordeaux, and other favorites.
Rice and Spices
Rice is often imported from Thailand, India, and Pakistan. Jasmine and basmati rice could get a 36% markup. Buying in bulk and storing it properly could save money.
Finally, spices could be hit hard. Many come from India, China, or Madagascar. That includes cumin, vanilla, and cinnamon. Some tariffs on spices may go as high as 47%.
Costco remains a good place to stock up before these changes happen. If it’s imported, it might soon cost more.
Buying now could help stretch your grocery budget later this summer.