Meat and fish
Meat and fish

Higher prices for groceries will be enough to kill most consumers' appetites in 2012, especially since shoppers already had to stomach some substantial price hikes last year.

"Just about all items are up -- but the biggest ones are the center of the plate foods like beef, pork and seafood," said Brian Todd, president of the Food Institute, a nonprofit research group in Elmwood Park, NJ.

Soaring demand coupled with the high cost of fuel is weighing on seafood prices, while the increased cost of corn and feed is pressuring farmers to pass on their added expense, Todd explained.

Expect prices to rise another 4% this year -- after last year's 8% increase, he said.

All of these price hikes will likely take their toll on already cash-strapped consumers who spend about 13% of their budget at the grocery store and on eating out. In 2012, more shoppers will be forced to find cheaper alternatives, Todd said.

By Jessica Dickler @CNNMoney - Last updated January 10 2012: 11:18 AM ET
Join the Conversation
Find Homes for sale
  • Property Type
  • Find a home in:
    New York | Atlanta | Chicago | Los Angeles
    Washington D.C | Houston | Philadelphia | More options
Most Popular

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.