It Cost You $423

In 2010 it will cost each of us $423 to cover theft. That’s right, American families this year will pay $423 more to cover the loss to stores from thieves.

NEW YORK (CNNMoney.com) — Store theft added $423 to the average American family’s shopping bill this year according to a new report on retail theft released Tuesday.

“That’s a phenomenal figure,” said Joshua Bamfield, author of the 2010 Global Retail Theft Barometer report from the U.K.-based Center for Retail Research. Compared to the $186 global average cost of theft to consumers’ budgets, retail crime hit American consumers much harder, he said.