I went grocery shopping yesterday, hoping to get some beef. Took one look at the prices and came home with bargain chicken instead.
And bacon? Fuggedabout it.
This is from Cattle Network, Oct 3:
“Several beef, pork and dairy products rose in price during the second half of the year, accounting for much of the increase in the marketbasket,” said John Anderson, AFBF’s deputy chief economist. “As anticipated, food prices have increased moderately – by about 2 percent – during 2014, which is essentially in line with the average rate of inflation over the past 10 years.”
Items showing retail price increases from a year ago include:
sirloin tip roast, up 27 percent to $5.52 per pound
ground chuck, up 17 percent to $4.31 per pound
sliced deli ham, up 16 percent to $5.44 per pound
bacon, up 9 percent to $5.11 per pound
shredded cheddar, up 6 percent to $4.78 per pound
eggs, up 7 percent to $1.95 per dozen
whole milk, up 2 percent to $3.78 per gallon
On the bright and slightly unbelievable side, gas prices are way down. I actually saw a sign for $2.99/gal at the warehouse club gas station. Wow. I haven’t seen gas below $3 since dissent was patriotic.