The folks at the USDA released their projections for 2011/2012-food price inflation. The bad news is that feeding ourselves will cost ~4% more in 2011. The good news is that USDA thinks prices will rise only ~2.5% next year.
I shop (I hate it). My food inflation is closer to 10%. It depends on what you eat. For example, from the report:
Meats, poultry and fish +6%
Seafood +6.5%
Beef +9%
Fresh vegetables +5%
Cooking oils +7.5%
These items are all well above the average set by the USDA. The following kept the index low:
Processed vegetables +1.5%
Beverages +2%
After looking at this I loaded up on canned peas and Coke.
Link:
http://brucekrasting.blogspot.com/2011/10/food-for-thought.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+BruceKrasting+%28Bruce+Krasting%29
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