Monday, March 10, 2008

Grocery Prices to Skyrocket this year

Go to Dallas Morning News original
Hungry for a chicken sandwich with sliced tomatoes washed down with a tall glass of milk? Prepare to fork over more money.

U.S. retail chicken prices in January were up 10 percent compared with a year before, while whole milk was up at least 20 percent and tomatoes 25 percent, according to the Bureau of Labor statistics.

Bread was up 5.4 percent nationally. Skyrocketing wheat prices mean higher flour prices, which means everything from pizza crust to cake are likely to see a price hike in the coming months.

And that side of egg salad? Not cheap. Eggs gained more than 30 percent.

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