Mmm, food

Yes, food prices are up. I’ve notices about a $10 jump in my weekly grocery bill. But it could be worse.

A pound of ground beef, for instance, cost $1.86 in March of 1980, which is, according to the BLS’ own cost-of-living calculator, the equivalent of $4.82 in buying power today. But in March of this year (the most recent monthly data, on which most pricing stories are based), a pound of ground beef cost on average just $2.82 in the United States.

Also, $12/pound of organic chicken? I could see $12/chicken. She’s getting ripped off.