How much longer will food prices go up?
Californians better get used to it, experts say
Egg prices are up 33% over the last year, the federal Bureau of Labor Statistics reported Wednesday. Lew Robertson Getty Images Try finding ground beef at less than $2.99 a pound.
Or a loaf of whole wheat bread for under $3. While those prices may be available if you look hard, prices that were common just months ago have become scarce. The price of food bought nationally at stores for home use went up 12.2% in the year that ended in June, an increase not seen since 1979, the federal Bureau of Labor Statistics said Wednesday.
Overall, prices were up 9.1% in the last 12 months, the biggest jump in more than 40 years. Prices in all six major food categories were way up in the last year, with five increasing more than 10%. Those up by double digits included meats, poultry and fish; cereals and bakery products; drinks; dairy products and other foods. Fruits and vegetables were up an average of 8.1%
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