© American Flavors blogspot
Consumers, have you noticed the record high prices for meat and other staple items in the grocery store? All families continue to pay more of their disposable income for food products, putting hardship and difficulty on personal budgets. A larger portion of the family budget now pays for food costs leaving less money for personal use, college savings, and vacations.
Smart shoppers, carefully observing prices and evaluating portions, noticed several changes at the markets the past few years. Many food products and beverages now come in smaller sizes as manufacturers remain reluctant to raise prices. In addition, for the past several years, restaurants have lessened portion sizes rather than raise prices.
Although the U.S. government reportedly said food prices rose 6.4 percent since 2011,
ground beef rose 16.8 percent, chicken rose 18.4 percent, and bacon rose a whopping 22.4 percent. The U.S. Department of Agriculture expects that beef will continue rising another 3-4 percent in 2014. In an economy struggling with high unemployment and prolonged recession, it truly remains appalling how prices can increase so much.
The government likes to blame the weather and drought for the rising prices. In addition, world demand for American products, especially China, increases the prices of these foods. Sometimes farmers will also state that their production costs have risen, and they must pass them to the consumer.