Some Food Prices Expected to Increase in 2014 - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Some Food Prices Expected to Increase in 2014

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DOVER, Del. - We all need to eat, but soon you could be paying more to eat the foods you love.

According to a recent report by the U.S. Department of Agriculture, the price for some food items are expected to spike in the new year.

"Right now food prices are high," said Tamara Lee of Dover.

Lee says when she shops for food, at places like Byler's, she looks for bargains. She may have to look a little harder come 2014.

The report also states food prices at grocery stores and restaurants are expected to increase 2.5 to 3.5 percent over last years levels.

Experts say consumers could see the biggest increase in beef.
     
Cattle prices rose 5.5 percent from September to October, while wholesale beef prices increased 2.1 percent. Analysts say the average retail beef prices in August was a record $5.39 per pound. That surpasses July's mark of $5.36.
 
Shoppers like Mike Derasmr say inflation won't bother him.

"We don't shop specific stores for specific things, so if it's something that we need unless the price has increased two-fold or three-fold, if we need it we're going to buy it anyway," said Derasmr.

The cost for bread and cereal are also expected to pick up in 2014.

The price of chocolate is also expected to increase. Analysts say chocolate climbed 28 percent between January and October and the price tag is only going to go higher.Byler's manager Matthew Pennell says the store's lower prices benefits families.

"We try to get deals with our companies for price point and say, 'Hey, we want to spend this much on it.' That helps us keep and move volume," said Pennell.
    
The report states that severe weather events could potentially drive up food prices beyond the current forecasts.

Lee says she'll continue to be a savvy shopper.

"I'm always looking for bargains. I will continue to look for those bargains," said Lee.

Lee says it's those bargains, that will help her save at the cash register.

 

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