Archive for the ‘groceries’ Category

Food Prices: 17 Year High?

January 11, 2008

COLUMBIA — Consumers all over the world can expect to pay more for food in coming years.

The Economic Research Service of the U.S. Department of Agriculture expects prices to rise another 4 percent this year. If the projected increase for 2008 proves true, consumers will see the highest increase in food prices since 1990.

With commodity prices hitting record levels and energy costs increasing, retailers must make up for the difference in the form of higher food costs.

Read the rest:
http://www.columbiamissourian.com/stories/2008/
01/09/food-prices-expected-rise/

Oil Prices and Your Budget: Crude Awakening

January 4, 2008

By Oliver North
January 4, 2008

WASHINGTON — The frozen water pipe this morning was a rude awakening. I managed to thaw the pipe without bursting it, thus saving the cost of a plumber. However, a few hours later, I opened our bill for home heating oil. At $2.70 per gallon, it was a blunt reminder that, with petroleum at $100 a barrel, the future cost of keeping fuel in our furnace — and gasoline in our cars — will make the plumber’s price pale in comparison.

According to the “experts,” those of us who drive to work will be paying $4 per gallon for motor fuel soon, and we all will be paying more for electricity, consumer products, air travel and to heat our homes. Happy New Year.

Read the rest:
 http://www.townhall.com/columnists/OliverNorth/2008/01/04/crude_awakening?page=full&comments=true