Drought deepens, grocery prices steepen

6:30 PM, Jul 31, 2012   |    comments
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The latest from the U.S.D.A. shows 88 percent of corn crops are affected by the drought, as well as 87 percent of soybean crops. They're predicting that will push grocery prices up as much as 5 percent.

So, we wanted to figure out how will that translate on our weekly grocery budgets?

Most food prices in general will raise 2 -3 percent. Fruits and vegetables that don't need as much irrigation won't see a big jump in prices.

But corn dependant products will jump 4 percent.

Since the nation's pasture land is also in extreme drought condition, dairy prices will jump 4.5 percent and beef prices will increase as much as 5 percent.

To put it in perspective, the average $200 dollar trip to the grocery store with a 4 percent increase will be $208 dollars.


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