Prices of perishable foods like meat, seafood and produce, both in the U.S. and throughout the world, are undergoing what many experts expect will be a long-term upward trajectory, but prices of processed foods, nonperishables and grains are flattening and in some cases even falling, according to the International Business Times.
Overall, food prices in the U.S. increased by 1.9 percent between April 2013 and April 2014, jumping 0.4 percent this April alone, according to the U.S. Bureau of Labor Statistics.
But meats, poultry, fish and eggs have seen a more pronounced increase in recent months, rising 1.5 percent in April and 3.9 percent between February and April, contributing to a 6.4 percent increase over the past year. Likewise, meat prices rose 2.9 percent in April, the most significant increase since November 2003, the bureau reported, while fruit and vegetable prices went up 0.7 percent and the price of dairy products rose by 0.5 percent in April, the six consecutive month of rising dairy prices.
To read more, click HERE.
