17 Food Prices That Have Soared in Last Decade

As difficult as it may seem to believe, Federal Reserve Chairman Ben Bernanke recently said inflation in the United States needs to be higher. But as Michael Snyder points out, Bernanke will never admit that the official inflation rate is a total sham.
1x1.trans 17 Food Prices That Have Soared in Last Decade
The official inflation rate is a farce because of the way inflation is calculated, and the criteria used to calculate inflation has changed more than 20 times since 1978.

Snyder insists that if the rate of inflation was calculated according standards used in 1980, inflation would be at roughly 8 percent right now. Meanwhile, says Snyder, paychecks are not rising at the same pace that inflation is.

“In fact, median household income in the United States has fallen for four years in a row. Overall, it has declined by over $4000 during that time span. So the cost of living just keeps rising, but the middle class is making less money than before.”

One area the rising cost of living has had the most impact is on food. And those increases in the cost of food add up. Writing for the Blaze, Benny Johnson has detailed how food prices have soared between 2002 and 2012.

1) BEER [PER 16 OZ.]1x1.trans 17 Food Prices That Have Soared in Last Decade
2002 Average – $.99
2012 Average-$1.24
Percent Increase: 25%

1x1.trans 17 Food Prices That Have Soared in Last Decade2) EGGS, GRADE A, LARGE [PER DOZ.]
2002 Average – $1.03
2012 Average-$1.80
Percent Increase: 73%

1x1.trans 17 Food Prices That Have Soared in Last Decade3) COFFEE, GROUND ROAST, ALL SIZES [PER LB.]
2002 Average – $2.92
2012 Average-$5.58
Percent Increase: 90%

1x1.trans 17 Food Prices That Have Soared in Last Decade4) PEANUT BUTTER [PER LB.]
2002 Average – $1.96
2012 Average-$2.75
Percent Increase: 40%

1x1.trans 17 Food Prices That Have Soared in Last Decade5) MILK, PER GALLON
2002 Average – $2.75
2012 Average-$3.47
Percent Increase: 26%

1x1.trans 17 Food Prices That Have Soared in Last Decade6) LOAF OF BREAD, WHITE
2002 Average – $1.01
2012 Average-$1.41
Percent Increase: 39%

1x1.trans 17 Food Prices That Have Soared in Last Decade7) SPAGHETTI AND MACARONI [PER LB.]
2002 Average – $0.91
2012 Average-$1.32
Percent Increase: 44%

1x1.trans 17 Food Prices That Have Soared in Last Decade8) ORANGE JUICE [PER 16OZ.]
2002 Average – $1.84
2012 Average-$2.69
Percent Increase: 46%

1x1.trans 17 Food Prices That Have Soared in Last Decade9) APPLE, RED DELICIOUS [PER LB.]
2002 Average – $0.94
2012 Average-$1.35
Percent Increase: 43%

1x1.trans 17 Food Prices That Have Soared in Last Decade10) WINE [PER 1 LITER]
2002 Average – $6.23
2012 Average-$10.03
Percent Increase: 60%

1x1.trans 17 Food Prices That Have Soared in Last Decade11) BEEF STEAKS [PER 16 OZ.]
2002 Average – $4.40
2012 Average-$6.22
Percent Increase: 41%

1x1.trans 17 Food Prices That Have Soared in Last Decade12) MARGARINE,SOFT, TUBS [PER LB.]
2002 Average – $o.86
2012 Average-$2.09
Percent Increase: 143%

1x1.trans 17 Food Prices That Have Soared in Last Decade13) TOMATOES [PER LB.]
2002 Average – $1.18
2012 Average-$1.44
Percent Increase: 22%

1x1.trans 17 Food Prices That Have Soared in Last Decade14) TURKEY, WHOLE [PER LB.]
2002 Average – $1.05
2012 Average-$1.65
Percent Increase: 56%

1x1.trans 17 Food Prices That Have Soared in Last Decade15) BACON [PER LB.]
2002 Average – $3.23
2012 Average-$4.52
Percent Increase: 39%

1x1.trans 17 Food Prices That Have Soared in Last Decade16) GROUND BEEF [PER LB.]
2002 Average – $2.28
2012 Average-$3.69
Percent Increase: 61%

1x1.trans 17 Food Prices That Have Soared in Last Decade17) COOKIES, CHOCOLATE CHIP [PER LB.]
2002 Average – $2.59
2012 Average-$3.61
Percent Increase: 39%

1x1.trans 17 Food Prices That Have Soared in Last Decade
Inquisitive foodie with a professional investigative background and strong belief in the organic farm to table movement. Author of Bad Seeds: A FriendsEAT Guide to GMO's. Buy Now!
1x1.trans 17 Food Prices That Have Soared in Last Decade

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