High Food Prices

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POSTED: Thursday, January 3, 2013 - 8:40am

UPDATED: Thursday, January 3, 2013 - 2:22pm

For many of us grocery shopping is a reminder of what we can not afford. According to reports from the U.S. Department of Agriculture food prices are expected to increase this year.  Following 2012 some of the droughts gripped much of the country, so this creating for much higher food prices.

The U.S. Department of Agriculture says consumers can expect to pay three to four percent more on groceries for 2013.

Among the increases: milk, eggs, beef, poultry and pork prices are the most affected, since the droughts increased prices for feed and mix that in with inflation and consumers will be feeling the pain.

Meanwhile, thanks to the fiscal cliff deal milk prices shouldn't be doubling since the senate agriculture committee extend portions of the expired 2008 farm bill through September.
 

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