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Get Breaking News on your cellSome food prices dropped from '07 to '08
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September 2008
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That's what you call deep spin. Truth is, according to a report on cattlenetwork.com based on USDA figures, most prices are up. Only a few have gone between May 2007 and May 2008. So what's the good news? Bacon. The price of bacon has gone down slightly. Also the price of oranges, pears (we are not buying pears right now), strawberries, tangerines (also out of season), carrots and cucumbers. The less-expensive beef cuts such as ground chuck and beef and round steak are up slightly, bobbling at or near 1 percent. (The more expensive cuts aren't listed.) Eggs are up 28 percent, but eggs are still a relatively inexpensive source of high-quality protein. You see the bad news with field crops, which includes grains. Wheat is up 80 percent. You know what that means: bread and other wheat-based foods are sure to follow. This report also verifies what I've been seeing with one of my favorite ingredients: Lemon prices jumped 155.16 percent over the past year. Yikes. I'll have to squeeze those babies a little harder.
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