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Analysis: Americans to face tougher 2013 on rising prices, taxes

Shopping

Consumers will have to dig deeper into their pockets next year to pay for costlier healthcare, more expensive grocery bills and higher taxes, an extra drag on the country's already slow-moving economy.

Senh: This is a pessimistic view. Lately, most of the economic reports have been positive. Unemployment is at a 4.5 year low, consumer sentiment at a five year high, housing market is rebounding, and consumer debt is at pre-recession levels.

 

Grocery prices may ease soon despite drought

Corn

Though severe drought conditions have raised the cost of food this summer, consumers may have seen the worst of the price impact at the grocery store. Higher food prices helped lift the closely watched Producer Price Index by 0.3 percent in July, the fastest pace in five months. At the same time retail sales rose 0.8 percent, the first increase in four months and well ahead of expectations, signaling that the sluggish economy may be picking up momentum.

 

How America spends on groceries

Part of this has to do with changes in consumption: Americans eat more processed foods and sweets than they did in the early 1980s, which likely accounts for why we’re spending more on those groceries. It is also tied up in pricing. The cost of meat has dropped significantly; adjusted for inflation, pork chops cost 37 percent less than they did 30 years ago. That probably has a lot to do with why we’re spending less on meat: We can get a lot more of it for each of our grocery dollars.

 

L.A. OKs ban on plastic bags at checkout

Plastic Bags

Los Angeles became the largest city in the nation to approve a ban on plastic bags at supermarket checkout lines, handing a hard-fought victory to environmentalists and promising to change the way Angelenos do their grocery shopping.

 

Sorry, your grocery bill is going up

Sorry, your grocery bill is going up

The price of food at home is projected to rise by 4 to 5 percent this year, and another 2 to 3 percent next year, according to the Agriculture Department. That’s adding another financial worry for many people already living with tight budgets thanks to the weak economy and high jobless rate.

 

Supermarkets start bagging self-serve checkouts

When Keith Wearne goes grocery shopping, checking out with a cashier is worth the few extra moments, rather than risking that a self-serve machine might go awry and delay him even more....

Senh: I actually like those things. As soon as you get the hang of it and know what kind of things you shouldn't checkout there, it's very convenient.

 

60,000 pounds of tainted beef leads to grocery recalls

At least three major grocery store chains are recalling certain packages of ground beef due to possible E. coli contamination.

 

Access to grocers doesn't improve diets, study finds

The results run counter to the idea that more supermarkets can curb obesity in low-income neighborhoods. Better access to supermarkets — long touted as a way to curb obesity in low-income neighborhoods — doesn't improve people's diets, according to new research.

 

Extreme coupon cutters save cash, teach their ways

Extreme coupon cutters save cash, teach their ways

The women sat expectantly as Monica Knight told them she once routinely spent $600 a month on groceries for her family of four. Breaking into a broad smile, Knight says that figure has been reduced to only $100 to $150 a month.

 

‘Sex on Wheels’? Now Ferrari Has ‘Room for Groceries,’ Too

‘Sex on Wheels’? Now Ferrari Has ‘Room for Groceries,’ Too

Ferrari’s chairman is broadening its lineup with a hatchback, but wants to retain the exclusivity of a luxury brand.

 

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