Friday, February 10, 2017

The 20 Grocery Items Driving Up Your Bill the Most

Between 2006 and 2016, the price of food has increased by 27.8%, outpacing the 21.9% inflation rate. The prices of some goods and popular consumer items have also surged to a much greater degree.


To determine which items are driving up grocery bills the most, 24/7 Wall St. analyzed changes in the Consumer Price Index from 2006 to 2016 for over 300 goods with data from the Bureau of Labor Statistics. 

These are the 20 foods driving up your grocery bill the most.

1. Tobacco and smoking products

> Price increase: 90.4%

2. Margarine

> Price increase: 63.6%

3. Uncooked ground beef

> Price increase: 46.3%

4. Shelf stable fish and seafood
> Price increase: 45.0%


5. Prescription drugs
> Price increase: 43.5%

6. Rice, pasta, cornmeal
> Price increase: 40.3%

7. Bread
> Price increase: 38.9%

8. Snacks
> Price increase: 38.4%

9. Miscellaneous poultry including turkey
> Price increase: 37.0%

10. Apples
> Price increase: 36.6%

11. Frankfurters
> Price increase: 35.8%

12. Canned vegetables
> Price increase: 35.3%

13. Salt and other seasonings and spices
> Price increase: 34.0%

14. Miscellaneous fats and oils including peanut butter
> Price increase: 34.0%

15. Miscellaneous processed fruits and vegetables including dried
> Price increase: 33.7%

16. Bacon and related products
> Price increase: 33.2%

17. Fresh whole chicken
> Price increase: 32.5%

18. Cakes, cupcakes, and cookies
> Price increase: 32.1%

19. Flour and prepared flour mixes
> Price increase: 32.1%

20. Canned fruits
> Price increase: 32.0%

5 comments:

  1. But 'inflation is so low' scream the CNBC morons. But I guess when you make six figures being a talking dumbass, you don't notice these things.

    ReplyDelete
  2. 5 lb. bag of cocoa in Aug. 14: $25.26. That same bag a couple of weeks ago: $47.00. That's just 2.5 years. I don't know what the price was 10 years ago. Good thing they didn't measure chocolate snacks.

    ReplyDelete
    Replies
    1. No doubt. And I can't imagine that there are very many households that dont indulge once in a while.

      Delete
  3. I dug a 4 year old can of beans from the back of the cabinet. Opened it, ate it, tasted fine.
    Price on can, 39 cents. Price today, $1.25.
    Stockpile as much as you can now, cause it's just gonna keep going up.
    And don't forget soap, shampoo, dish and laundry soap too.

    ReplyDelete

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