Have you ever pondered how affordable your neighborhood supermarket was in compared to other grocery stores? Then stop your search. The 26 most popular grocery stores in the US were compared in terms of pricing. I then developed a price index to compare these costs on an equal footing. Here is a graph showing the price index for each store.
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Is Harris Teeter affordable? With a pricing index of 2.02, Harris Teeter is less expensive than 11 out of the 26 grocery stores we studied, according to our analysis. For comparison, the pricing index’s maximum score is 3.90. which indicates that Harris Teeter’s index score is 1.88 points lower than the score of the most expensive retailer. In essence, this indicates that Harris Teeter offers more affordable prices than 11 of the most well-known grocery store companies in the US.
The costs of various store brand products are gathered from the most popular shopping categories (beverage, bread, canned goods, dairy, dry goods, frozen, personal care, and cleaner), and the total price is totally averaged out to determine this index score. This index’s calculation required the collection of over 100 individual prices.