As someone who loves to bake, I was pretty bummed to hear that the price of flour is going up. We've been hearing about how grocery prices are going up due to increased prices of dairy and wheat, but this is the first time I've seen solid numbers. According to CNN Money, the price of a 50-pound bag of flour went from $16 to $37, a 131 percent increase. And if that's not crazy enough, sources say that the price may reach $40 next week.
The prices have been steadily climbing due to poor growing conditions including a US Winter freeze and a European drought. With prices reaching new records, it's not just the homecook who won't be able to afford anything. Increased prices means less profit margins for restaurants and retailers. Sooner or later, those price increases are going to be passed on to those of us eating the food. So start saving your pennies, that $2 croissant might just be $3 tomorrow.
Sonia Rykiel
Gabor
Soft Grey
Yike, that's a pretty big jump :/
1Whoa! That is nuts!
2
3Omg. I have seen this in effect. Pizza places around NY have started putting up signs apologizing for the increase in their prices. No more cheep pizza. It just sucks!
4Oh fantastic!
5That is depressing. I love baking and my fave recipe uses 4.5 cups of flour! I either need to stockpile or change my habits...
6don't you mean that a $2 croissant will be $4.62 based on the 131 increase? that's just insane. it's really hard to think about the impact now when we're just buying foods and can find somewhat generic alternatives..but it's def going ot tricle down sooner or later and since we don't see the increase in our salaries becuase of the economy, it means that we'll be able to afford less and less.
7this gives me a frowny face
8ilanac13 - great point, i wish i had thought of that joke!
but all kidding aside, it's really crazy. I hear they're hoping for a decent winter wheat harvest, so *fingers crossed*
9That is insane. I noticed it the other day at the grocery store. Grapenuts cereal went up $1 in price. The last time I bought a box was maybe 2-3 weeks ago. That is a HUGE increase in a short span of time.
10Time to renew my Costco membership and buy in bulk.
11Holy...
12The have a mill a few blocks away from me (as does Pillsbury and General Mills)...we should all get together and "borrow" some. Can you tell from those geographic markers I live in Minneapolis? Haha!
13Wow...
14The rising cost of food kind of freaks me out. I've definitely noticed an increase in my grocery bill in the last year. I can't imagine trying to feed a family with these prices.
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