Grocery Store Prices on the Rise

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Updated: 4/01/2014 7:03 pm
Grocery store prices have been going up, and the financial forecast for this year is also looking bleak. The temperamental weather over the last six months is affecting the prices in grocery stores across the nation, especially when it comes to meats and produce. Supply is down, and that means foods you take off the shelf will take more from your pocketbook. Throughout the country, the Agriculture Department expects grocery store prices to increase much as 3.5% this year. Curmis Broome of Broome’s Marketplace in Ocean Springs says, “With meat, we see the price go up on it and it’s just to do with supply and demand. You get warmer weather, supply is down, there are droughts, fuel, cold weather. I guess that carries over into everything, all commodities, whether it’s vegetables that are freezing, it’s just the expense of the products to make it.”

Economists recommend purchasing frozen produce to get peak season products for less. Here's a more detailed look at some of those increases. Retail prices for boneless chuck rose nearly 5% in January from a year ago due to a drought and higher feed costs. A pint of strawberries will cost you about 40% more than a year ago because of colder weather in Florida that delayed the growing season, and you'll likely be paying up to 3% more for pork due to a widespread virus that killed nearly five million piglets.
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