U.S. Meat Prices Climb 6.2% In Year, Report Says

Several months of rising cattle and hog prices have showed up at the supermarket counter, as meat prices have risen 6.2 percent since January 2010, according to Consumer Price Index figures released Thursday.

The jump in the price of meat overshadowed the overall 1.8 percent increase for all food items and was topped among consumer spending items only by a 13.4 percent increase in gasoline prices since January 2010.

Cattle prices have risen 25 percent since October, fueled largely by a 27 percent increase in beef exports and a reduction in herds to their lowest levels since 1958. Hog prices are up almost 50 percent in the last year.

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