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You could start paying more at the supermarket

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(ABC NEWS) -- Some manufacturers warn we're about to pay more at the grocery store due to a number of factors.

If you've noticed you're spending more on groceries, it isn't your imagination.

From Vegetables to meat and even those little indulgences, prices are climbing.

"We had a suspicion that prices were going to go up, but I don't think we realized how bad it was going to be," said Patrick Penfield, Professor of Supply Chain Practice at Syracuse University.

According to the latest government data, the price American consumers pay for groceries is up 3.5 percent over the last 12 months. For a family of four, that could add up to as much as $500 more a year.

Analysts say on top of the pandemic, truck driver shortages and this winter's severe storms are, in part, fueling the uptick in prices.

"The whole supply chain is increasing and nobody wants to absorb that cost. So unfortunately the person or people that are going to bear it are the consumers," said Penfield.

A growing list of popular companies recently raising prices includes General Mills who announced it's raising prices to offset higher freight manufacturing and commodity prices.

Hormel is charging more for products like Jennie-O ground turkey in light of high grain costs. And the cost of a jar of Jif peanut butter is higher than a year ago because maker JM Smucker says it's costs are "meaningfully higher."

To save at checkout, experts recommend trying apps like "Ibotta" which gives cash back on purchases and "Basket," which compares prices between stores near you. Also, stock up when the price is right.

"I mean, I think if you want to stay on budget, you've got to think about what you routinely use. And if you see it on sale, you certainly need to buy in bulk," said Nutritionist Amy Keating.

Prices on everything but beef are expected to keep going up this year. It isn't just supermarkets being impacted, food prices at restaurants are climbing as well.

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