Milk prices could triple in New Year

WREG, Memphis

Prices could soon triple at the grocery store for things you absolutely need in your refrigerator.

We`ve heard a lot about this fiscal cliff, but if congress doesn`t come to an agreement on the farm bill, which is a separate issue, grocery prices will skyrocket.

Everyone needs milk, and if congress doesn`t act fast on a farm bill it will mean you have to dig even deeper into your wallet next time you head here to the dairy aisle.

The average cost of a gallon of milk is $3.54.  But New Year`s Day the price could shoot up to over $7 a gallon.

And don`t forget that would drive up the cost of butter, cheese, ice cream and yogurt too.

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Friday, December 28, 2012 at 4:25 PM

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