These Common Grocery Products are the Reason Why Your Bills Shoot Up

Uncooked Ground Beef

Price increase in a decade: 52.5% The steep growth in the price of ground beef largely attributes to a lack of beef supply in the country. The rising energy and feed price which has occurred annually in the country’s main cattle-producing regions also affects it. As the average retail price of fresh beef grew in January 2007 from $3.63 a pound to $5.68 in December 2017, the per-capita consumption of beef in the United States dropped also by 15 percent.

Prescription drugs

Price increase in a decade: 43.9%
Despite significant competition in the sector, the prices of prescription drugs increased recently in major pharmaceutical companies. Prices have doubled since 2011 for 40 percent of the most sought after prescription drugs in the United States. In recent years, the demand for drugs has risen despite rising costs. As claimed by the CDC (Centers for the Control and Prevention of Disease) almost 50 percent of Americans use at least one prescribed drug per month, with demand growing over 2 decades.

Bacon and related products

Price increase in a decade: 41.6% The constant price rise for bacon was due to the growing demand from consumers, combined with a large scarcity of pork supply. Only 14.0 million pounds were made available in January 2017 for stock-grade pork belly; a 70% decline over a decade ago, and the decline since 1957. The US says. Agriculture Department.


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