Has anyone gone to the grocery store lately? It's getting as insane as the gas prices. Since I pass several stores during the week, I find myself "sale shopping" for the weekly grocery supply. No more store loyalty at all. U.S. seeing worst food inflation in 17 years - Stocks & economy - MSNBC.com
The U.S. is wrestling with the worst food inflation in 17 years, and analysts expect new data due on Wednesday to show it’s getting worse. That’s putting the squeeze on poor families and forcing bakeries, bagel shops and delis to explain price increases to their customers.
U.S. food prices rose 4 percent in 2007, compared with an average 2.5 percent annual rise for the last 15 years, according to the U.S. Department of Agriculture. And the agency says 2008 could be worse, with a rise of as much as 4.5 percent.
Higher prices for food and energy are again expected to play a leading role in pushing the government’s consumer price index higher for March.
What is scary is that I have been this poor before.
For some, that means adding an extra cup of water to their soup, watering down their milk, or giving their children soda because it’s cheaper than milk, DiChiara said.
Last edited by fxashun; 04-15-2008 at 02:24 PM.
|