Shoppers Experiencing ‘Sticker Shock’ In Grocery Stores

June 19, 2012 12:00 AM
Shoppers Experiencing ‘Sticker Shock’ In Grocery Stores

" BOSTON (CBS) – For the average family, grocery bills are expected to rise as much as 3.5% in the coming year as the cost of food increases.

Suzanne Wheeler-Klein is mom to three hungry boys who typically spends $300 a week on groceries.

Recently she’s noticed that some of her family’s favorite foods are eating away at her budget like cookies, crackers, and cereal.

She’s not alone.

Ricky Volpe tracks the grocery prices for the US Department of Agriculture.

“The reason why consumers are experiencing sticker shock is mostly because food prices are already high. We know that they rose a lot in 2011 and we’re not expecting them to come down,” Volpe said.

He says meat and fish prices are up across the board, particularly beef and veal.

“The inventory of cattle and hogs in the US was reduced quite a bit and now we have strong and growing demand for these foods and that’s a recipe for high prices. And there’s no end in sight,”¬†explains Volpe.

But there is a silver lining: dairy, eggs, fresh fruits and vegetables are down in prices "

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