BUT FIRST TONIGHT AT SIX.
IT IS ONE OF THE BIGGEST GROCERY SHOPPING WEEKS OF
WHY, THIS YEAR, YOUR BILL WILL BE BIGGER.
A NEW REPORT BY THE FEDERAL GOVERNMENT SHOWS FOOD
PRICES HAVE INCREASED IN THE LAST YEAR.
I'M ERIC FRANKE.
MICHELLE LI IS ON ASSIGNMENT, AND WILL JOIN US LATER
IN THE SHOW.
NEWS 3 REPORTER DAVE DELOZIER LOOKED INTO WHY YOU'RE
SPENDING MORE AT THE STORE.
DAVE - THESE WERE PRETTY SPECIFIC INCREASES
ERIC - NO - IN FACT SOME FOOD PRODUCTS SAW VERY LITTLE
BUT BECAUSE OF WEATHER AND OTHER OUTSIDE FACTORS SOME
FOOD ITEMS WILL COST YOU CONSIDERABLY MORE - TO PUT
THEM ON YOUR TABLE.
it's a big week, all holidays are big weeks.
AND YOU DON'T NEED A CALENDAR TO KNOW WHAT'S ON THE
probably ham, cheesy potatoes, salad.
picking up a few easter items and then just trying
to fill my cupboard.
i have teenager and they eat me out of house and home.
THIS YEAR THE PRICE TAG FOR DOING THAT IS UP.
sometimes i find an old receipt and i'll look back
and say, oh my gosh, you know.
THAT'S BECAUSE-- ACCORDING THE BUREAU OF LABOR STATISTICS--
FOOD PRICES HAVE GONE UP ONE POINT 7 PERCENT IN THE
LAST 12 MONTHS.
there's some big trends at work here and we've seen
it in our own study of food prices.
THE WISCONSIN FARM BUREAU FEDERATION - REVEALS THE
PRICE HIKES HAVE BEEN THE GREATEST IN THREE AREAS.
big movement in items like meat, milk and eggs.
overall food prices have been pretty stagnant the
last couple of years but it is in these protein areas
where there is such strong demand that we're seeing
upward pressure on the price.
THERE IS NO ONE FACTOR RESPONSIBLE FOR THE INCREASES.
DROUGHT CONDITIONS AND GLOBAL DEMAND ARE TWO FACTORS-
BUT AT THE END OF THE DAY A LOT OF THINGS IMPACT FOOD
BECAUSE GROCERY STORES OPERATE ON PRETTY THIN MARGINS
- THE PRICE HIKES HURT THEM AS WELL.
if a price increase is going to chase a customer away,
you bet it scares grocers, that's why they do work
to keep those groceries as affordable as possible.
IT ALL MAKES FOR SOME TOUGH DECISIONS.
somedays i think oh, we don't need that or on other
days i'm like this is something that is really good
for us and i'm willing to pay for it.
THE U-S-D-A HAS ALSO ISSUED A FORECAST FOR FOOD PRICES
THEY PROJECT THE COST OF MOST FOOD ITEMS TO INCREASE
2 AND A HALF TO 3 AND A HALF PERCENT THIS YEAR.
BEEF AND EGG PRODUCTS ARE AGAIN PROJECTED TO SEE THE
GREATEST INCREASES TO AS MUCH AS 4 PERCENT.
CEREALS AND BAKED GOODS ARE PROJECTED TO SEE THE SMALLEST
BUT AGAIN ERIC - THESE ARE JUST PROJECTIONS AND THE
WEATHER AND WORLD MARKETS HAVE YET TO WEIGH IN - AND
THEY'LL HAVE A LOT TO SAY.
-- ERIC --