Grocery prices getting fat on ethanol demand, weak dollar »
Posted By ameliog 7 months ago in StyleEscalating food costs could present a greater problem than soaring oil prices for the national economy because the average household spends three times as much for food as for gasoline.
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ameliog7 months ago
"It's the biggest risk we face economically, and it might be the thing that does us in," said Rich Yamarone, director of economic research at Argus Research Corp. in New York. "There's nothing really worse than having a job, making money and forking most of it over just so you can have the same amount of food. You're running in place, and it really weighs on you." (FTA)
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unokubistyun4 months ago
Overall, the Department of Agriculture forecasts food prices will gain about 4 percent this year, faster than in recent years. The price hikes are enough to take a lot of the comfort out of comfort food.
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