MINNEAPOLIS (WCCO) — You may have noticed higher prices at the grocery store, and you can blame the extreme weather.
Unfortunately, analysts believe prices will only go higher.READ MORE: COVID In Minnesota: UK Variant Outbreak Linked To Youth Sports In Carver County, Officials Recommend 2-Week Pause
With the cold weather in much of the country, and a drought in California, farmers have produced fewer crops, creating a chain reaction.
Ranchers are paying more to feed their cows, leading to higher milk and beef prices.READ MORE: More Than 1 Million Wisconsin Residents Have Been Vaccinated
The government predicts prices will jump 3-and-a-half percent this year.
“I think it’s going to be a lot higher…and that affects everything,” said Phil Lempert, the Supermarket Guru.
Last month, the price of beef jumped 4 percent. That’s the most in 10 years.MORE NEWS: Faces Of COVID: Daryl Kruger, 82, Loved His Grandkids And The MN Twins
Some analysts believe milk prices will jump another 10 percent in the coming months.