Apr 24, 2008 1:54 pm US/Eastern
Families Caught By Spiking Grocery Store Prices
BOSTON (WBZ) ―
-
-
The cost of a dozen eggs has risen more than $1 in the last three years.
AP
If you've been to the supermarket lately, you probably have noticed that you're spending more to put food on the table. After years of relatively stable food prices, the costs of many staples, including bread, milk, eggs, flour and rice are rising sharply.
Some examples, from the Bureau of Labor Statistics: March 2005 March 2008:
White bread/1 lb: $1.00 (2005) $1.35 (2008)
Beef/1 pound: $2:51 (2005) $2.83 (2008)
Eggs/1 dozen: $1.13 (2005) $2.20 (2008)
Apples/1 lb: $0.92 (2005) $1.20 (2008)
John DeJesus, President and CEO of Foodmaster Supermarkets, says his buyers are getting inundated with price increases. "I've never seen increases coming through like they're coming through right now."
He says the price of rice has risen 40% since the beginning of this year.
DeJesus says many specials posted in the store's circular are selling like they've never sold before, as people hunt for bargains amid escalating food and energy prices. A current sale on eggs, according to DeJesus, is doubling the best sale in the chain's history.
Sharyn Frankel, of Natick-based BJ's Wholesale Club, says, "We have not seen a decrease of price in any grocery products."
(© MMIX, CBS Broadcasting Inc. All Rights Reserved.)
Click to enlarge
Stumble It!
Reporting
Comments