Should Shoppers Hoard Rice?

Despite reports of rationing, there's no need to stock up.

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With Sam's Club and Costco stores limiting how much rice customers can buy, shoppers are asking themselves: Should I stock up on the staple? After watching a news report on the rationing last night, I suggested to my husband that we should go buy several bags of the grain. He immediately made fun of me for wanting to hoard something that was not actually in short supply.

In this case, my husband is right. There is no need to stock up, because there is no shortage in the United States. (There are concerns about rice shortages in other countries, including India and the Philippines.)

There is, however, above-average price inflation going on for all kinds of food, which makes it more important to focus on cutting grocery costs—not adding to them by buying more rice than necessary.