Have you ever wondered which grocery stores have the lowest prices in your town? walmart? target? aldi? Or, maybe a regional high-low store? With prices constantly changing, it's hard to know. Conducting your own grocery store price comparison requires just a small investment of time, but gives you a big advantage as a well-informed shopper.
Grocery Store Price Comparison Notes and Methods:
I asked mommysavers forum members for the 25 grocery items they purchase most frequently and used their feedback to update my price book. Some of the items I took out of my grocery store price comparison because there was too much variation among products in each store.
At all stores, I used the lowest-cost item available as my recorded price. In most cases, that was the store brand. In a few cases, it was a national brand.
Target stores give their REDcard holders an additional 5% off the total when they use the card. Therefore, I computed prices both with and without the REDcard discount.
Since grocery prices vary by region, I compared with stores within a 2-mile radius in Mankato, Minnesota, within the same week in April 2013.
If you do your own grocery store price comparison, I recommend keeping a price book. Not only will price differences become more apparent, you'll be able to easily identify sales cycles and when prices are rock-bottom you'll know so that you can stock up. You can split the work by sharing Google docs and having one friend do each store.