Bad news for beer drinkers: rising fuel costs and a rise of more than 300% in the cost of hops
have led to a year over year increase of more than 4% in the cost of beer at retail.
Grocery prices going up, going up, going up...
Most commercial cattle is fed (unnaturally, as it turns out) corn. When grains get more expensive, hamburger will trail right along after it.
Most commercial brands of bread are made with soybean oil, making them doubling impacted by the rising prices of wheat and soybeans.
Cereal will respond quickly to increases in prices to wheat, corn and soybeans.
Pizza is made of all kinds of ingredients whose price is going up; notably, the food is very reliant on the cost of wheat
. How much does YOUR pizza cost?
With the cost of wheat going up
, it may make sense to start making pizza from scratch (and it's healthier, too!)
Barilla pasta, long sold at Trader Joe's for 69 cents a bag, has gone up to 79 cents a pound; and if wheat prices keep rising
, it will soon be a dollar per pound.
Chickens are fed some combination of soybeans, corn and wheat in most commercial farms. As those get pricier, so will eggs.
Though bulk foods are obviously hit by price increases, too, they're a great way to keep from spending on the things that don't really matter; packaging, for one; marketing, for another.
Check out the video from MSNBC for more color.
Here's a quick tip: if a 4% increase in the cost of beer is enough to impact your financial situation, the rising cost of beer is probably the least of your worries. Please seek help immediately.