Direct link to article... [littlegreenfootballs.com]
Got milk? You probably will next year -- reports of $8-a-gallon milk are overblown, but there are some food items that will have you digging deeper in your pockets next year.Beef: Where's the beef, indeed? Beef prices have been on a tear lately, experts say, and it's not likely to let up anytime soon. Corinne Alexander, an associate professor at Purdue University, tells trade publication Supermarket News that because of several factors, "beef prices are probably going to stay high for at least the next few years.
Market research firm the NPD Group says in a new report by restaurant industry analyst Bonnie Riggs that "expected price increases" for beef will create a headache for restaurant-goers, but it's likely to hit consumers even harder. NPD Group vice president Harry Balzer says that while only about 30% of what we pay at restaurants reflects the costs of food, around 80% of our grocery bill is food costs.
More: Oh God No! Bread, Beef and Other Foods That Will Cost Way More Next Year