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Food prices rise sharply – and there’s more to come
Posted By admin On December 17, 2010 @ 5:08 am In U.S. News | Comments Disabled
SF Chronicle 
Dec 17, 2010
For the first time since 2008, inflation is hitting consumers in the stomach.
Grocery prices grew by more than 1 1/2 times the overall rate of inflation this year, outpaced only by costs of transportation and medical care, according to numbers released Wednesday by the U.S. Bureau of Labor Statistics .
Economists predict that this is only the beginning. Fueled by the higher costs of wheat, sugar, corn, soybeans and energy, shoppers could see as much as a 4 percent increase at the supermarket checkout next year.
“I noticed just this month that my grocery bill for the same old stuff – cereal, eggs, milk, orange juice, peanut butter, bread – spiked $25,” said Sue Perry, deputy editor of ShopSmart magazine, a nonprofit publication from Consumer Reports. “It was a bit of sticker shock.”
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URLs in this post:
 SF Chronicle: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2010/12/16/MN571GQRDL.DTL
 U.S. Bureau of Labor Statistics: http://topics.sfgate.com/topics/Bureau_of_Labor_Statistics
 Full article here: http://
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