Call 4 Action: Other Costs Down, But Food Prices Still High
This is another news story on the stickiness of grocery prices.
From the WTAE-TV: Call 4 Action: Other Costs Down, But Food Prices Still High
“It’s not just gas that’s falling. America saw the largest drop in consumer prices in recorded history in October. Everything is going down in price — except food. A fact that has consumers stumped.
No matter where we shop, every beep at the register seems to be costing us more these days. Even though the ingredients used to make many of those items, and the gas used to ship them, cost far less then they did just a few months ago.
“Food has not leveled out yet, especially on imported products. You’re paying. You’re going to pay,” said Julia Merante, the owner of Groceria Merante.
Consumers will pay as much as 6 percent more on food costs, overall, by the end of the year.”
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