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Saturday, January 15, 2011

.....and higher


http://www.cnbc.com/id/41055028


From CNBC:

Jobless Claims Jump, Wholesale Food Costs Surge

Published: Thursday, 13 Jan 2011 | 9:31 AM ET







"Among the biggest gainers were home heating oil, which jumped 12.3 percent, and fresh and dry vegetables, which surged 22.8 percent. Fresh fruits and melons rose sharply for a second straight month, posting a 15.4 percent gain."



And from Wallet Pop:
 http://www.walletpop.com/2011/01/07/seven-things-that-will-cost-more-in-2011-and-what-you-can-do-abo/

Seven Things That Will Cost More in 2011 and What You Can Do About Them

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 Get ready to stretch your wallet. We're already seeing the signs of prices creeping up in just the infancy days of 2011. So be prepared to open wide for:

1. A Trip to the Grocery Store 
The USDA forecasts a 2% to 3% hike in the cost of all foods in 2011. Higher corn and soybean prices are the main force behind the increase. Remember, farm animals have to be fed and when those costs go up, so does what you pay. Expect a big spike in the dairy case and meat counter, where pork alone is forecast to rise between 3% and 4%.....

Solution: Sign up for sites that offer grocery coupons. Shop the weekly sales and the manager's specials. Plan your meals for the week and make a list of what you needbefore you go to the market. Don't buy impulse items, even if they're on sale. Consider a grocery co-op if your neighborhood has one. Don't be afraid to try planting a vegetable garden, at least for your fresh herbs.

2. The Cost of Gas and Heating Fuel
If you are hanging on to that Hummer, now might be the time to unload it. Some fast-and-loose talk by former Shell Oil President John Hofmeister says gas will be back to $5 a gallon this year. ....


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