Grocery Prices Rise
It isn't much of a surprise to find out that the new food inflation numbers released last week (9/16/08) show a significant increase. With prices 7.5% higher than a year ago, American families already struggling to put food on the table continue to be hit hardest with the current economic crisis in the United States.
Food items that are in double digit inflation above last year include flour (20.6%), rice/pasta/cornmeal (25.1%) and bread (16.1%).
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