Natural disasters, fuel prices are inflating prices around the globe
Consumers saw groceries price increase by 2.8 percent during the last yearly period, according to the Bureau of Labor Statistic's most recent Consumer Price Index report.
This "food at home" component includes grocery staples such as milk, bread, vegetables and meat. World economic growth, rising crude oil prices, shrinking stockpiles, strong commodity demand and severe crop-destroying weather have created a perfect storm of sorts, resulting in rising food costs worldwide. In fact, the global food price index, compiled from price data for sugar, cereals, oils, meat and dairy products, recently reached an all-time high.
The effects of increased food costs are felt everywhere, from the school cafeteria to our favorite restaurants. Here are five staples that cost more at the grocery store: