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Retail Meat Prices Rise 9.2 Percent in FebruaryMonday, March 21, 2011
(American Meat Institute)
Retail meat prices rose 9.2 percent last month on a seasonally-adjusted basis when compared to February 2010, according to the U.S. Bureau of Labor Statistic’s (BLS) monthly Consumer Price Index.
Pork prices rose 8.9 percent from last year’s level. Beef and veal prices climbed more than 10 percent; beef steaks 11.2 percent; beef roasts 10.6 percent and ground beef 10 percent.
The general “at home” food category has risen 2.8 percent over the past year, with all six of the major grocery store food groups posting increases.
“The increase in meat prices reported last
week by BLS comes as no surprise to those of us
in the meat and poultry industry and confirms
what we’ve been saying for years,” said J.
To view the full report, click here: http://www.bls.gov/cpi/cpid0211.pdf
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