Americans are paying bigger bucks for beef and pork. Butter costs more, too.
If you’re a meat-and-potato-loving family, you’re probably seeing fatter grocery bills, at least for the meat portion of those meals.
The price of beef and other meats soared in the last year, according to the American Farm Bureau Federation.
The overall price of 16 items selected for the federation’s price comparison is up 2 percent since 2013. “Of the 16 items surveyed, seven increased and nine decreased in average price,” the federation said.
Here’s how some of those items changed in price:
- Sirloin tip roast, up 27 percent to $5.52 per pound.
- Deli ham, up 16 percent to $5.44 per pound.
- Bacon, up 9 percent to $5.11 per pound.
Shredded cheddar, up 6 percent to $4.78 per pound.
Russet potatoes, down 15 percent to $2.72 for a 5 pound bag.
- Whole milk, up 2 percent to $3.78 per gallon.
- Flour, down 7 percent.
- White bread, down 6 percent.
The federation survey was done in September. Since then, the price that ag producers receive for hogs and cattle has risen, 24/7 Wall St. said. Stacy Johnson of Money Talks News offers advice on how to save on meat in this video.
Thank goodness for a bumper grain crop that’s helping to provide some relief for consumers at the grocery checkout.
Meanwhile, dairy prices are up 21 percent in the last year, and the price of butter will grab your attention as you prepare for holiday baking.
I paid nearly $4 for a pound of butter this week. Yikes. I also bought a half gallon of organic whole milk for my toddler, and it cost $4.58. It was an expensive grocery trip.
Have you noticed a change in your bill when checking out at the supermarket? Share your comments below or on our Facebook page.