New report finds food prices up
NATIONWIDE (WGME) -- Grab those coupons. Your next trip to the grocery store will likely cost you more.
A new report finds food prices are up almost half a percent. Data from the Bureau of Labor Statistics shows that's the biggest increase in food prices since September 2011.
Experts say food prices are up for several reasons, including drought and disease.
An analysis by financial website Wall Street 24-7 found these are the top 5 fastest rising food prices: bacon, ground beef, oranges, coffee, and peanut butter.
Hannaford spokesman Mike Norton told us, "the wholesale market is certainly putting the pressure on the retail market, but we feel we still have good values on our produce and meats."