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Grocery prices continue to go up

March 11, 2008 12:00:00 AM PDT
Gas isn't the only thing we're paying a lot more for -- grocery prices are also rising.We're seeing the fastest price increase in products like milk, eggs and bread since 1990. The Labor Department reports milk prices jumped 26 percent in the past year. Egg prices went up 40 percent.

And it's only going to get worse. One research firm estimates a 7.5 percent increase every year for the next five years due to high oil prices, higher demand for corn to make alternative fuels, and poor wheat harvests.

 

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