Study: Consumer Food Costs Rising, Reversing 55-Year Trend

CARMEL, Ind. — Food costs for a family of four increased more than $2,000 above expectations in 2012, according to a recent study by FarmEcon, an agricultural and food industry consultancy.

Using data from the U.S. Department of Commerce, “Food Costs Are Eating American Family Budgets” found the trend of steadily cheaper food since World War II has reversed in recent years. While food prices gradually decreased from 1950 to 2005, costs for consumers went up each year starting in 2006.

In 2012, the average food costs for a family of four were $2,055 higher than the previous trend line. For the average person it was $514 higher.

 

 

 

Read More: http://supermarketnews.com/consumer-trends/study-consumer-food-costs-rising-reversing-55-year-trend#ixzz2HxxvrMCs

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: