Food Prices Continue To Rise
Better keep bringing extra cash to the grocery store. The American Farm Bureau’s latest survey shows that prices aren’t expected to yield any time soon.
If you’re keeping track at home, the survey shows prices increased the most for in staples that most American kitchens use routinely.
Shredded cheddar cheese, vegetable oil, ground chuck and flour increased the most in dollar value compared to the fourth quarter of 2010. Together, these four items accounted for the majority of the quarter-to-quarter increase; shredded cheese increased 47 cents to $4.63 per pound; vegetable oil increased 29 cents to $2.88 for a 32-ounce bottle; ground chuck increased 27 cents to $3.10 per pound; and flour increased 52 cents to $2.51 for a 5-pound bag.