Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts

Why Does Food Cost So Much?

Friday, March 26, 2010 - 7:40 AM
Food is probably a larger portion of a saver's budget than what the government's CPI-U includes, and thus, this is one factor that makes it look like the CPI numbers are not accurately measuring inflation. This MintLife Blog article reviews the issue of rising food costs. It doesn't provide any good news in the outlook:
The US Department of Agriculture forecasts overall food prices will continue to rise between 4 to 7% over the coming years
Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
Rep Points: 125,600