Thursday, January 27, 2011

Grocery Prices Skyrocket Faster Than Official Inflation

(NaturalNews) Grocery prices increased at more than 50 percent the rate of inflation in 2010, according to data from the U.S. Bureau of Labor Statistics.

Food prices increased an average of 1.7 percent between November 2009 and November 2010, in comparison with a general inflation rate of only 1.1 percent. The greatest price increases were seen among meat, poultry, fish and eggs, which went up in cost by 5.8 percent. The price of sugar and sweets increased 1.2 percent, the price of fats and oils increased 3 percent and the price of dairy-based products increased 3.8 percent.

The only commodities to go up in price more than food were medical care and transportation.

"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. "It was a bit of sticker shock."

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1 comment:

  1. at times past as food prices rose more fillers were found to be in those foods making them tainted, but now aday's it's all approved..disgusting. grow your own food


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