food prices
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.
It's still raining in North Dakota, and the price of pasta, couscous and other grain-based products is going to raise significantly over the next year. And yes, these things are connected, because pasta has become as American as apple pie and the square dance (North Dakota's state dance, don't you...
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...
While Chipotle's fresh Mexican fare has many fans in the U.S., the company has also been adding new restaurants in Europe and is looking at further expansion worldwide. It reported impressive first quarter numbers -- but will higher food costs put the brakes on its expansion plans?
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