Tuesday, March 22, 2011

Arizona Food Prices RISE

6% rise possible amid fuel hikes, damage to crops 

Arizona consumers who have been hammered at the gas pump by soaring prices can expect to get slammed at the grocery store in the near future by a sharp rise in the cost of food. Higher wholesale prices for vegetables and various grocery staples, coupled with a jump in fuel and energy costs, are expected to push food costs up as much as 6 percent this year at metro Phoenix stores. That would rival a 5.5 percent jump in 2008, which was the largest gain in almost 20 years. Such a surge in prices would end two years of declining and flat food prices. Blame winter crop damage, higher commodity costs and global grain shortages.

Complete story at:  http://www.azcentral.com/news/articles/2011/03/22/20110322arizona-food-prices-up.html



No comments:

Post a Comment