Food prices soar as incomes stand still
By/Michelle Miller/CBS News/February 15, 2014, 8:02 PM
It's is not her imagination. While the government says prices are up 6.4 percent since 2011, chicken is up 18.4 percent, ground beef is up 16.8 percent and bacon has skyrocketed up 22.8 percent, making it a holiday when it's on sale.
"Oh my god!" Singer said as she spied bacon for $3.
"The things that are going up in price are the things I absolutely need to buy," she said. "It's the meat, it's the milk, it's the eggs and it's getting out of hand."
Food inflation is far greater than the government thinks it is," he said.
But the big problem for families: Wages are not budging.