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Byline: JULIA WATSON
LE BUGUE, France, July 31 (UPI) -- Is your household budget not stretching as far as it used to, even as recently as this past spring?
Two surveys confirm that prices have gone up in the supermarkets in the second quarter of 2007 by, according to the latest American Farm Bureau Federation, about 4 percent from the first quarter this year.
The Bureau of Labor Statistics says they're already up 3.5 percent on last year, double the food-at-home inflation rate of 2006.
Regular whole milk spurges ahead of the basic 16 grocery items examined by the AFBF, up 34 cents to $3.46 per gallon. BLS data found the greatest price increases in pork and poultry.
Already, consumers are trying to counter these increases by turning more to generic products and even cutting out extras from their shopping lists.
But to cut costs further, perhaps they might follow the lead from Europe over supermarket and product packaging.