The cost of everything from the cheese on your pizza to the corn in your cornflakes is on the rise, and experts say food prices are expected to keep going up. A combination of bad weather that stunted crops worldwide, growing fuel costs, and rising prices in food ingredients are driving the increases. For months, supermarkets and restaurants have held back on passing the higher costs along to cash-strapped consumers. Now it appears they can't hold back anymore. In January, the average price of a USDA Choice boneless sirloin steak in the western U.S. was $1.84 a pound more than it was a year ago, according to the Bureau of Labor Statistics, which tracks prices. A half-gallon of ice cream went up 87 cents, and broccoli rose 36 cents a pound.
- Sent using Google Toolbar
No comments:
Post a Comment