Monday, October 15, 2012

Businessweek: Dinner Costs More

Washington--A Businessweek graphic shows how much the cost of dinner has increased since January 2009, when President Barack Obama took office. 

According to Businessweek, “Food prices fell during Obama’s first year in office, a small blessing for families struggling with unemployment. But as the economy began to heal, prices headed back up.” According to the Bureau of Labor Statistics, food and beverage costs have increased 7 percent since 2009.

AFBF’s July quarterly Marketbasket Survey found the total cost of 16 traditional food items was $50.91, down $1.56 or about 3 percent compared to the first quarter of 2012. The next Marketbasket Survey will be released Oct. 15. AFBF’s annual Thanksgiving survey will be released Nov. 8.

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