1 Chron. 12:32: "the children of Issachar, which were men that had understanding of the times, to know what Israel ought to do."
Time to do some wise grocery shopping!
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Food prices at the wholesale level rose last month by the most in 36 years. Cold weather accounted for most of it, forcing stores and restaurants to pay more for green peppers, lettuce and other vegetables, but meat and dairy prices surged, too.
The big questions are how long food prices will keep rising and how high they'll go.
The impact is already visible. Wendy's, paying higher prices for tomatoes, now puts them on hamburgers only by request. Starbucks and Dunkin' Donuts have raised prices because they pay more for coffee beans. Supermarkets warn customers that produce may be of lower quality, or limited.
"It has thrown the whole industry into a tizzy," says Dan Bates, director of merchandising for the produce division of grocery chain Supervalu Inc.
Food prices rose 3.9 percent last month, the most since November 1974. Most of the increase was because harsh winter freezes in Florida, Texas and other Southern states, which damaged crops.
At the same time, global prices for corn, wheat, soybeans, coffee and other commodities have risen sharply in the past year. That's raised the price of animal feed, which has pushed up the cost of eggs, ground beef and milk.
http://www.msnbc.msn.com/id/42116697/ns/business-stocks_and_economy/
Time to do some wise grocery shopping!
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WASHINGTON — Americans are noticing higher prices at the grocery store, and it's about to get worse.
The big questions are how long food prices will keep rising and how high they'll go.
The impact is already visible. Wendy's, paying higher prices for tomatoes, now puts them on hamburgers only by request. Starbucks and Dunkin' Donuts have raised prices because they pay more for coffee beans. Supermarkets warn customers that produce may be of lower quality, or limited.
"It has thrown the whole industry into a tizzy," says Dan Bates, director of merchandising for the produce division of grocery chain Supervalu Inc.
Food prices rose 3.9 percent last month, the most since November 1974. Most of the increase was because harsh winter freezes in Florida, Texas and other Southern states, which damaged crops.
At the same time, global prices for corn, wheat, soybeans, coffee and other commodities have risen sharply in the past year. That's raised the price of animal feed, which has pushed up the cost of eggs, ground beef and milk.
http://www.msnbc.msn.com/id/42116697/ns/business-stocks_and_economy/
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