Sunday, October 05, 2008

Economic disaster hits groceries...

From Information Clearing House:

Prices for 16 basic food items shoot up in third quarter:

Retail prices for flour, potatoes, cheddar cheese and apples showed the largest increases in the quarter. A 5-pound bag of flour cost $2.62, up 37% from a year earlier, while 5 pounds of potatoes rose 32% to $3.38. Prices for cheddar cheese and apples surged 21%.

http://www.latimes.com/business/la-fi-food3-2008oct03,0,5925638.story

*Use link above to continue reading...

Wrap....

2 comments:

Ralph said...

Damn. I suspected this would happen -- I mean price increases. Meanwhile people's real incomes are going down. Ulp!

Watch 'n Wait said...

Worst part, Ralph, is I dearly love cheddar cheese! Seriously you're right. It's garden growing time in the backyard. I hope people remember how their folks did that.