ConsumerFight.com
The Best Consumer Help Website in the World
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| Copyright ConsumerFight.com 2007, 2008 All rights Reserved. |
NEW GROCERY GRIEF: HIGHER CHICKEN AND PORK PRICES
May 15, 2008 - Americans may be getting another helping of food inflation, and it seems likely
to come from higher prices for chicken and pork.
Overall food inflation could double this year, lifted by the rising costs of fuel, corn and
soybeans, some analysts predict.
Food inflation hit 4 percent last year, up from 2.4 percent in 2006. While beef prices were
already high, chicken and pork prices didn't reflect record costs for feed and fuel. That's
poised to change as chicken and pig producers who have been losing money slaughter more
animals to decrease the supply and raise the prices they can charge.
Higher food inflation would further challenge shoppers who are already limiting themselves to
sale items and store brands as they contend with the worst food inflation since 1990.
Click on the red link above to continue the story.
Source: ABC News Onlnine
May 15, 2008 - Americans may be getting another helping of food inflation, and it seems likely
to come from higher prices for chicken and pork.
Overall food inflation could double this year, lifted by the rising costs of fuel, corn and
soybeans, some analysts predict.
Food inflation hit 4 percent last year, up from 2.4 percent in 2006. While beef prices were
already high, chicken and pork prices didn't reflect record costs for feed and fuel. That's
poised to change as chicken and pig producers who have been losing money slaughter more
animals to decrease the supply and raise the prices they can charge.
Higher food inflation would further challenge shoppers who are already limiting themselves to
sale items and store brands as they contend with the worst food inflation since 1990.
Click on the red link above to continue the story.
Source: ABC News Onlnine
