Paying More for Food Prices Add to Inflation AARP Bulletin
Paying More for Food; Prices Add to Inflation - AARP Bulletin
The price for butter went up even more — it's now $3.69 per pound, up from $2.78 last year. A gallon of whole milk is $3.50, up from $3.19. If you bought a pound of chocolate chip cookies to go with that milk, you shelled out 9 cents more than you did last year. You may want to give up your morning joe when you see how much ground roast went up: It's now $4.64 per pound, up from $3.57 at this time last year. Bananas rose by 4 cents to 62 cents per pound while broccoli climbed 11 cents to $1.75 per pound. Prices vary by store and region. You may find you're paying more, or less, for some of these items depending on where you live. The government tracks the prices of certain month to month and year to year as part of the work to determine the consumer price index (CPI). The cost of electricity, commodities, medical care and other goods and services also figure in the CPI. James Hardy/Getty Images The cost for groceries is rising and you may get less bang for your buck. Between March 2010 and March 2011, the CPI increased 2.7 percent, mostly because of skyrocketing gas prices but also because of food — grocery store prices overall were up 3.6 percent in that period, with the meats, poultry, fish and eggs category up nearly 8 percent. If you're wondering about other staples in your pantry, here are more examples of changes between March 2010 and March 2011: White bread per pound: $1.42, up from $1.37. Cheddar cheese: $5.07, up from $4.71. Red delicious apples per pound: $1.28, up from $1.17. Ice cream per half gallon: $4.92, up from $4.31. White potatoes per pound: 64 cents, up from 56 cents. 12-ounce can frozen orange juice concentrate: $2.46, down from $2.52. Carole Fleck is a senior editor at the AARP Bulletin. Cancel You are leaving AARP.org and going to the website of our trusted provider. The provider’s terms, conditions and policies apply. Please return to AARP.org to learn more about other benefits. Your email address is now confirmed. You'll start receiving the latest news, benefits, events, and programs related to AARP's mission to empower people to choose how they live as they age. You can also by updating your account at anytime. You will be asked to register or log in. Cancel Offer Details Disclosures
Paying More for Food
From ground beef to ground coffee higher prices are adding to inflation
Q. When I go I feel like I'm paying more money for the same amount of food I typically buy. Am I? A. If ground beef is on your shopping list, you're paying nearly 50 cents more per pound than you did at this time last year, according to the federal government's latest price survey. See also:Related
The price for butter went up even more — it's now $3.69 per pound, up from $2.78 last year. A gallon of whole milk is $3.50, up from $3.19. If you bought a pound of chocolate chip cookies to go with that milk, you shelled out 9 cents more than you did last year. You may want to give up your morning joe when you see how much ground roast went up: It's now $4.64 per pound, up from $3.57 at this time last year. Bananas rose by 4 cents to 62 cents per pound while broccoli climbed 11 cents to $1.75 per pound. Prices vary by store and region. You may find you're paying more, or less, for some of these items depending on where you live. The government tracks the prices of certain month to month and year to year as part of the work to determine the consumer price index (CPI). The cost of electricity, commodities, medical care and other goods and services also figure in the CPI. James Hardy/Getty Images The cost for groceries is rising and you may get less bang for your buck. Between March 2010 and March 2011, the CPI increased 2.7 percent, mostly because of skyrocketing gas prices but also because of food — grocery store prices overall were up 3.6 percent in that period, with the meats, poultry, fish and eggs category up nearly 8 percent. If you're wondering about other staples in your pantry, here are more examples of changes between March 2010 and March 2011: White bread per pound: $1.42, up from $1.37. Cheddar cheese: $5.07, up from $4.71. Red delicious apples per pound: $1.28, up from $1.17. Ice cream per half gallon: $4.92, up from $4.31. White potatoes per pound: 64 cents, up from 56 cents. 12-ounce can frozen orange juice concentrate: $2.46, down from $2.52. Carole Fleck is a senior editor at the AARP Bulletin. Cancel You are leaving AARP.org and going to the website of our trusted provider. The provider’s terms, conditions and policies apply. Please return to AARP.org to learn more about other benefits. Your email address is now confirmed. You'll start receiving the latest news, benefits, events, and programs related to AARP's mission to empower people to choose how they live as they age. You can also by updating your account at anytime. You will be asked to register or log in. Cancel Offer Details Disclosures