Rising Food Prices
The latest USDA food price outlook says “the rising price of commodities will eventually translate to an increase in food prices, but not right away”. It’s obvious from the price jump of 65 to 85 cents a box on most cereals at the supermarket that somebody didn’t get the memo. While grocery shopping this last weekend my hubby and I noticed dramatic price increases on most items containing grains. I guess this store’s management team wanted to get the jump on everybody else. The good news, prices for fresh fruits and vegetables remained fairly steady or even fell slightly. More good news, the USDA has revised their price increase forecast for fresh seafood, actually lowering it from the predicted 4 to 5 percent increase, to a 3 to 4 percent increase. Of course, I haven’t even mentioned the government’s forecast for beef, pork, eggs, and dairy, and I don’t think I will. Only so much bad news can be assimilated in one day. There is no sugar coating it though, with the rising price of food and gasoline, we as consumers are definitely going to have to get even more creative than we already have when it comes to penny pinching and bargain shopping.