Supermarket Price Surge

New government numbers show food prices are skyrocketing.
3:00 | 03/24/14

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Transcript for Supermarket Price Surge
economy this evening, and if you went to the grocery store this weekend and thought prices at the checkout were higher, you're right. Over the last several months, slowly inches upward. So, we asked the question, why? Here tonight, ABC's Linzie Janis. Reporter: If you think your grocery bill has been rising, you aren't imagining it. Tonight, new government Numbers show food prices are skyrocketing. We have to be really careful and really budget. Reporter: To blame? That drought in California. Freezing temperatures in the midwest. And on the country's biggest cattle farms, a hangover from the 2012 drought, which was the worst in 56 years. 2014 could see the biggest increase in food prices in more than three years, and shoppers are already getting hit hard. Poultry prices are up by almost 5%. Milk and cheese are also more expensive, as snow prevented farmers from getting their supply to processors. And, at the butcher counter, ground beef, a family staple, up 10% since this time last year. And beef for stews this cold winter, up 6%. It all means the average American family could end up spending an extra $150 on groceries this year. Linzie Janis, ABC news, new York.

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