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Jim Hillibish: Grocery, restaurant prices climb

Consumers are facing the double whammy of rising food prices outstripping wage increases, according to the U.S. Department of Agriculture.
Food inflation so far is higher than the Consumer Price Index. This year’s CPI is up 0.1 in two months while the price of beef and veal has jumped 4 percent at the same time.
The average wage increase for 2014 will be 3 percent, according to the U.S. Bureau of Labor Statistics.
The beef increase is on top of a 22 percent rise last year.
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Morning Jolt: 'Obamacare' deadline is today

 

Happening today

Today is the deadline to sign up for “Obamacare.” Last week the Obama administration said that 6 million people had signed up, short of the 7 million it had anticipated, but a relative success after the initial hiccups of the enrollment process. Officials say the success of the program won’t be known, however, until after Obamacare is fully functioning.

Opening […]