FoodPrices
Everybody knows the basic rules for saving money on food. Don't eat out. Ditch the steaks in favor of ground beef. Stick to staples. But a recent USDA report shows that, in 2011, some classic money-saving guidelines proved useless as food prices went through the roof.
Your Starbucks Fix Is About to Cost More
11:45AM 1/03/2012
Economy, Coca-Cola Company, Starbucks, McDonald's, Food, Personal Finance
If your New Year's resolution was to pinch more pennies, Starbucks has some bad news. The coffee king is raising prices due to rising costs of coffee and milk. And they aren't the only restaurant chain getting ready to pass higher expenses on to their customers.
Consumer prices stayed flat in November, further evidence that inflation has cooled off. Energy costs dropped for the second straight month, which offset higher prices that Americans paid for food, clothes and medical services. The consumer price index was unchanged in November, the Labor Department said Friday. That followed a 0.1 percent decrease in October.
Thanksgiving Dinner's Pricetag Rises 13 Percent This Year
3:40PM 11/10/2011
Nothing is sacred when it comes to the whims of the global economy -- not even your holiday bird. The cost of a traditional Thanksgiving dinner -- turkey, stuffing, cranberries, pumpkin pie and all the trimmings -- will increase about 13% this year, the biggest jump since 1990.
The Middle-Class Squeeze: Falling Wealth, Rising Costs
9:30AM 10/27/2011
It's no secret that many middle-class families are in a financial bind, caught between rising costs and falling incomes. But according to recent government reports, the middle-class squeeze is not a recent development, and isn't likely to disappear anytime soon.
Consumers paid more for food and gas last month, although inflation outside those volatile categories was tame. The Labor Department says the Consumer Price Index rose 0.3% in September, below August's 0.4% rise. Excluding food and energy, so-called core prices increased 0.1%, the smallest rise since March.
Beef prices have bulked up so much that thieves are starting to steal it. Consumers might feel like they're getting robbed, too, at the checkout stands. Several factors -- including high cattle feed prices -- mean the prices could continue to climb. Here's how to spend less cash on cows.
OECD: Meat Prices Expected to Jump 30% in Coming Decade
4:15PM 6/17/2011
Food prices are expected to rise by double digits in the coming decade, with the cost of meat on average potentially climbing as much as 30% worldwide, according to a joint-report released Friday by the Organisation for Economic Co-operation and Development and the UN Food and Agriculture...
The inflation bells are ringing. You've seen the jump in prices at the grocery store, and, maybe more significantly, at the gas pump. But are these price hikes a sign that inflation is about to take off, or are they just temporary increases?
Grain Prices Skyrocketing Now -- Higher Food Prices to Follow
10:50AM 1/14/2011
The price of that loaf of bread or pound of pork chops could be on its way up, as grain prices in the U.S. continue to climb sharply. What's to blame for higher food prices? A shortfall in supply and burgeoning demand, according to a new USDA study.
Weather has played a big part in contracting the...
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