Friday, August 31, 2012

Tips to Stretching Your Grocery Budget, Avoiding Higher Food Prices

 From AARP

Get ready: This summer's terrible heat and the worst drought in nearly 50 years are likely to strain your food budget. "We're looking at grocery prices to go up 3 to 4 percent" in 2013, says Richard Volpe, a Department of Agriculture economist. That's about a percentage point faster than normal, and on certain foods, the jump will be bigger.

The good news: Prices will probably hold basically steady for the rest of 2012. But here are some specific rises you can expect next year, the USDA says:

* Beef and veal: 4 to 5 percent (the largest predicted hike)
* Poultry and eggs: 3 to 4 percent
* Pork: 2.5 to 3.5 percent
* Dairy products: 3.5 to 4.5 percent
* Cereals and bakery products: 3 to 4 percent
* Fruits and vegetables: 2 to 3 percent, the normal annual rate.

So how can you eat well without eating up your savings? Here ... Read the entire article.

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