http://www.ctpost.com/living/article/Study-Products-that-have-increased-in-price-most-10941261.php
Study: Products that have gotten more expensive in the last 10 years
Updated 1:42 pm, Tuesday, February 21, 2017
If you feel like your grocery bill has gotten bigger, you're right. Since 2006, the price of food has increased by 27.8 percent, and even more for other goods, financial site 24/7 reports.
But which ones are hurting your wallet most? Click through the slideshow to find out and visit 24/7 Wall St. for the full report.
"To determine which items are driving up grocery bills the most, 24/7 Wall St. analyzed changes in the Consumer Price Index from 2006 to 2016 for over 300 goods with data from the Bureau of Labor Statistics. Nearly doubling in price over the last 10 years, cigarettes had the largest increase in price of any grocery item," the site writes.
Some of the most in demand products, and therefore expensive, are beef, poultry, and other animal products. Though, since the price increase, the demand has gone down.
"In the United States, there were large upswings in the prices of a few cow products. The average retail price of beef increased from $4.09 a pound to a record-high $6.29 per pound. As a result of the price increase, Americans consumed roughly 3 billion pounds less of beef in 2015 than in 2005," 24/7 Wall St. reports.
Tobacco and prescriptions drugs have also increased significantly in price.
