Image by Flickr user David McKelvey
You may have noticed that your grocery bill has been a bit higher than usual--and with good reason.
The Consumer Priced Index for food at home has increased 0.2 percent since May, which doesn't seem like a whole lot of an increase--until you factor in the fact that the index has jumped 4.7 percent over the past year.
Some foods, in particular, seem to have significant price increases, including:
- Bacon - Up 20% since 2010
- Beef - Up 8.2% since 2010
- Butter - Up 21.7% since 2010
- Coffee - Up 17.6% since 2010
- Milk - Up 10.2% since 2010
And, unfortunately, economists don't see this trend reversing anytime soon. College of Charleston economist Frank Hefner contributes the rising prices to the natural disasters and unpredictable weather and how they can affect production and distribution.
The Post and Courier has a fantastic in-depth report on the situation, including commentary from locals and people in the industry, ways to save on your grocery bill, and more. Check it out here.