Retail prices are burning a hole in Americans’ food budgets.
Retail meat prices rose 9.2% last month on a seasonally-adjusted basis when compared to February 2010, according to the U.S. Bureau of Labor Statistics' (BLS) monthly Consumer Price Index.
Pork prices rose 8.9% from last year’s level. Beef and veal prices climbed 10.6%; beef steaks 8.6%; beef roasts 15.4%; and ground beef 10%.
The general “at home” food category has risen 2.8% over the past year, with all six of the major grocery store food groups posting increases.
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