Food prices in highest rise since 1990
Price increases were seen in all of the categories tracked by The Food Institute. By far, the largest price rise was 11.6 percent in beef and veal prices, followed by a 7.5 percent jump in poultry, 7.4 percent in dairy, and 6.6 percent in fats and oils.
In a separate study, the Food Institute also reported that supermarket sales increased 4.2 percent in 2004, coming in at an estimated $474.6 billion in sales during the year. But factoring out that food-at-home increase reported above would mean supermarket sales rose only a minuscule amount.
During November, sales at the nation's warehouse clubs and supercenters (the latest month for which data is available), rose 9.8% to $22.5 billion.