Transcript for Cheap home hacks to keep costs down this summer
We turn to the surging prices. The biggest year over year jump in prices since the great recession, leaving shoppers looking for ways to save on groceries, travel and clothing. Becky Worley has simple ways to keep bills in check. Good morning, Becky. Reporter: Good morning, Michael. From big ticket purchases like appliances or airfare, down to groceries like you mentioned, even small price hikes because of inflation can really push family's whose budgets are stretched thin to the brink. Wht do economists say you can do to fight back? This morning surging inflation across the board. Consumer prices up 5%, rising at the fastest rates in over ten years. It's important when we see the numbers now, when we see prices rising, and they are rising quickly, we keep that in the context of last year. Reporter: A year ago shoppers saw prices rising very slowly, even declining. This year price increases at record pace. Electricity up 4.2%. The hikes also affecting goods like clothing, gas, travel and groceries. A lot of people are wanting to buy things. Reporter: To decrease the pain of those jumps -- Eat home when you can. Ensure you're not utilizing delivery services because a meal that costs $10 could cost $25. Reporter: The biggest savings can come from eating lighter, let meat and organizing bulk buying. When you're around the house -- Turn off the lights. Unplug all your devices, especially after they're charged. Reporter: With gas and transportation costs through the roof, you might want to reconsider every day drives. Figure out how much it takes to fill up your gas tank and then drive less miles than that. Reporter: Economists think the inflation is only temporary. Another saving strategy, what big picture purchases can you put off. Can your fridge limp along for another six months? Secondhand, because of the covid closet cleaning, consignment stores, online, thread up, posh mark, are bursting at the seams. I'm a frequent secondhand clothing shopper. This dress is an example and the prices are right. Becky, thank you for all those savings.
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