Chart: CRBFoodstuffs And Year-over-Year (YOY) Change
Headline: Beef: It’s What’s (Expensive) for Dinner
Throwing a few steaks and burgers on the grill, you might have noticed, has gotten more expensive as the cost of beef has climbed over the past year. And it's only going higher, say economists. The average retail price of beef from January through April this year is 7.7% higher than the same period a year ago, according to the USDA's Economic Research Service data, while it's remained steady over the past few months, says John Michael Riley, an assistant professor in Mississippi State University's department of agricultural economics. And the average price in 2011 was 9.8% higher than in 2010.Source: finance.yahoo.com
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