Grocery Price Increases May Be Here to Stay, Analysts Assert
I could do with some deflation in food prices I really could…
From the Washington Post: Grocery Price Increases May Be Here to Stay, Analysts Assert
“Worries over a global recession have pushed the price of oil to its lowest in more than a year. Don’t expect the same for groceries, though, thanks to “sticky” prices.
That’s what analysts call it when companies slap higher prices on products and keep them there even though the rationale for the price hikes, such as soaring oil prices, is gone.
The falling cost of oil could help companies pad their profit margins as they pay less to make and transport goods. But it won’t mean a break on the average grocery bill.”
Popularity: 2% [?]
Related Posts:
27 October 2008
1,645 views
No Comment
Leave your response!