Groceries: Where is your food budget seeing the biggest hit?
We'll look at some of our list of 14 of the biggest grocery price increases this year, using average prices throughout the U.S., between December 2006 and December 2007. What's up the most? Click along and see...
Ground beef has stayed cheap (though some critics would say, at a terrible price, given the recent videos of tortured cows that have shocked the nation). Up only 3.7% nationwide, it's still what's for dinner.
Perhaps due to the continued upswing in local wineries, table wine hasn't gone up in price much this year compared to many other groceries. But still, at 8%, it's higher than most American's raises. Will it be the thing to leave off *your* list?
Paradoxically, bread is only up about 13%, whereas flour has increased nearly twice that much. Could it be that flour has decreased as a percentage of the makeup of bread, or is it just random market forces? Either way, consumers are encouraged to buy their bread in already-baked form this year, though it will set you back 12% more than in late 2006.
Milk is a commodity whose price changes almost as much as gas, riding up and down based on a complicated calculation made by the USDA Federal Milk Marketing Office. You learn something new every day! And today, you should also know that milk's expensive, up nearly 29% year-over-year.