Expect food to be a bigger bite of your budget

  • Article by: MIKE HUGHLETT , Star Tribune
  • Updated: November 9, 2010 - 10:00 PM

Rising commodity costs could lead to a 4% price hike in 2011.

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kleindropperNov. 9, 1010:03 PM

You can't throw a couple trillion into the economy and not see some inflation. If you are thinking of refinancing, I suggest locking in soon.

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merkinNov. 9, 1010:12 PM

You haven't been paying attention lately. The Fed is still worried about deflation, not inflation.

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mattmoscNov. 9, 1010:14 PM

More than ever plan dinners a week at a time, watch sales, use coupons, and shop those great discount grocery stores(Aldi, Save-a-Lot). My grocery bill for a week is around $40.00. Best of luck to my fellow readers!!

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merkinNov. 9, 1010:14 PM

My wife makes our cereal for us. It's probably not any cheaper than store bought, but it's a heck of a lot tastier and has zero additives. With most of the products in grocery stores these days you have to have a chemistry degree to read what's in them.

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jwblackNov. 9, 1010:26 PM

higher insurance costs (Obamacare), energy costs (Cap & Trade), corporate and individual taxes also going up (Bush tax cuts expiring)?

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SupervonNov. 9, 1010:29 PM

higher prices for food and fuel followed by higher taxes. You will live his version of the plebian life from now on.

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Kathy_BrandtNov. 9, 1010:32 PM

the farmer gets nothing

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kali777Nov. 9, 1010:38 PM

another option for those living in the cities is Asian grocery stores I regularly shop at a medium sized local Asian store and have found that the freshness of meat and produce to be superior to the the 2 major chains and the prices much lower like $0.49 a lb for chicken leg quarters and $1.79 a lb for 85% lean burger same for the produce most of both come from local farms and it can be an adventure too, time to discover new stuff if your into cooking

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StarquestNov. 9, 1010:41 PM

Except neverending subsidies and giant profits on corn because of idiotic ethanol policy. Right, the farmer gets nothing.

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mankato58Nov. 9, 1010:43 PM

And looking out through the next 18 months on the markets the farmer will see about $0.15 for a box of corn flakes and $0.17 for a loaf of bread. Yep ... it is all about the cost of the grain. Remember these figures next time you are standing in the grocery stores, looking at the prices, and complaining about farm programs!

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