Weather may lead to smaller grocery bills

February 23, 2013 12:47:40 AM PST
Grocery bills have been on the rise lately. But, nature could soon help turn things around at the grocery store.

Prices at the supermarket could jump as much as 4 percent in the coming year.

The US Department of Agriculture says as long as the Midwest gets enough rain this spring, we could see a record year for corn. That would lower production costs for meat, poultry and dairy, ultimately leading to a smaller bill at the grocery store.

Shoppers are currently feeling the effects of last summer's drought, paying around 3 percent more for beef and 6 percent more for chicken compared to a year ago.