Record-high energy, corn and wheat prices in the past year have led to higher food prices. The average cost of a dozen eggs has increased nearly 24 percent in the last 12 months.
I don’t know about you but that sure doesn’t leave me feeling all warm and fuzzy inside. In fact it sends a shiver of concern through my body. I’ve got a family to feed here people!
Some other statistics to think about….
The average weekly cost of food for a family of four on a moderate spending plan one year ago was $180.75. Today it is $194.75.
Grade A Large eggs are averaging $2.17 a dozen.
Frozen concentrate O.J. 12 oz can is around $2.53.
White bread per pound is at $1.32.
Coffee per pound is at $3.68.
This just about knocks the wind out of me and the forecast is that they are going to continue to rise by another 3-4 percent.
I think now is the time to be even more creative and frugal than ever before.
So, do these prices seem accurate to you? What are the prices in your area?