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Higher prices hit grocery store shelves
Wednesday, June 18, 2014 6:37 PM EDT
Saturday, June 21, 2014 6:37 PM EDT
By Kathryn DiGisi -
If it feels like you have been spending more at the grocery store lately, it is because you have been.
Prices for meat, poultry and eggs are up 7.7% from last year.
That means you are paying about $0.30 more a pound for ground beef and nearly a quarter more a pound for chicken breasts.
Shoppers like Jama Drysdale are reluctantly rolling into their neighborhood grocer.
"It seems like in the summer time everything seems to go up, gas prices, food prices," said Drysdale.
She and her husband are always on the hunt for a bargain.
She says the higher prices in the aisles are taking a toll.
It is your staple items where you're really going to see a difference.
A gallon of milk could cost you more than $4.00 and that is an increase of nearly a quarter.
It may not sound like much, but consider this: The average family of four spends about $815 a month on groceries.
If you buy just one pound of ground beef and chicken each, one dozen eggs and one gallon of milk, your added spending is around $1.00, but that is just four items, one time.
For Drysdale, it adds up.
"I'd say probably about a good $50 to $60 more a month," said Drysdale.
Economist Kevin Sylwester says food prices can be unpredictable.
He says it is too soon to tell if this hikes temporary or a trend we should get used to.
"One sign that it might be a blip is that the weather has been bad. We've had a terrible winter, we've had drought in California," said Sylwester.
He suggest buying in bulk and skipping over the name brand items.
"Coupons, bargain shopping, looking for sales that stores will have from time to time," said Sylwester.
They are simple practices that, over time, can make a big difference in the checkout line.
"A penny saved is a penny earned," said Sylwester.
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