I'm trying to rethink our food budget again, in light of the freezer's arrival and our upcoming lower income. So I went online to find the latest USDA Food Plan as a guide.
It got me thinking--they keep saying inflation is well under control, but I'm definitely noticing higher prices on certain foods. I haven't been keeping good spending records lately, so am I just imagining it?
The CPI figures that just came out say food is up 4.2% on an annual basis (August to August).
I compared the USDA food plans for last June and this June (June is supposed to represent an average figure for the year.) Their food budgets have gone up 5.9% in a year.
And here's an article that says:
"According to figures from the United States Department of Agriculture, the price of foods containing high amounts of protein have increased the most. The cost of beef has increased by 6.4 percent. Poultry is up 7.8 percent.
"But both are trumped by milk, which costs 9.5 percent more than it did at the beginning of the year.
"For the year, the USDA is forecasting a food inflation rate of 4 to 4.5 percent, with the highest increases being seen in dairy and eggs. Historically, retail food prices inflate at a rate of 2.5 percent. “Very rarely do we get above 3.5 percent,” said Leibtag. But even if prices fall some this autumn, it appears this year's inflation rate will be the highest since 1990."
It really makes you wonder what to think.