Food Prices Skyrocket In 2011

Food Prices To Skyrocket In 2013

July 26, 2012

Drought to Drive Up Food Prices Next Year, U.S. Says

WASHINGTON — Scorching heat and the worst drought in nearly a half-century are threatening to send food prices up, spooking consumers and leading to worries about global food costs.
On Wednesday, the government said it expected the record-breaking weather to drive up the price for groceries next year, including milk, beef, chicken and pork. The drought is now affecting 88 percent of the corn crop, a staple of processed foods and animal feed as well as the nation’s leading farm export.

The government’s forecast, based on a consumer price index for food, estimated that prices would rise 4 to 5 percent for beef next year with slightly lower increases for pork, eggs and dairy products.

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Food Prices Skyrocket In 2011

July 18, 2012

Food Prices Skyrocket In 2011 2012
Food price increases 2011
Beef: +10.2%
Pork: +8.5%
Fish: +7.1%
Eggs: +9.2%
Dairy: +6.8%
Oils and Fats: +9.3%

MCB / Foter

If you think that’s bad wait until later in 2012 when food prices will skyrocket even more. Severe drought across the United States will increase vegetable and beef prices.


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