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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

Stacy Finz,
SF Chronicle [1]
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 [2].

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.”

Full article here [3]

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URLs in this post:

[1] SF Chronicle: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2010/12/16/MN571GQRDL.DTL

[2] U.S. Bureau of Labor Statistics: http://topics.sfgate.com/topics/Bureau_of_Labor_Statistics

[3] Full article here: http://

[4] Stock up for the Holidays with eFoodsDirect and get FREE Shipping!: http://www.efoodsdirect.com/2010-holiday-special/?aid=14&adid=48

[5] Image: http://purewaterfreedom.com/

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