Inflation Bumps Christmas Food Prices (VIDEO)
Though the Consumer Price index was projected to rise only 0.5 to 1.5 percent in 2010, the USDA forecasts 2 to 3 percent increase in 2011, following accelerated inflation at the end of 2010.
Over Thanksgiving the price of a turkey was up more than 30 percent in the US over last year, according to CBS Money Watch. Pecans saw a dramatic 41 percent increase.
Greens, however, seem to be the way to go in the US, unlike some of the UK. Celery saw a 35 percent decrease, while the BBC reports brussel sprouts in the UK have risen by about 4 percent.
While food inflation in the US and the UK is evident, it's not as bad as China, which saw a 10 percent increase in just one year, as of October 2010, reports Money Watch.
The BBC details UK food inflation and what food shoppers are doing come Christmas below.