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Higher food prices may be here to stay
As prices for crude oil and other commodities ease, consumers have gotten a small dose of relief at the gas pump. But don’t expect less pain at the grocery counter.
Food inflation is here to stay - and will probably get worse for some things.
That’s because retail prices for cereal, eggs, cheese and meat generally lag by several months or longer world prices for wheat, corn and soybeans - the raw ingredients of so much of our food. Some food items may come down modestly as commodities prices cool off; others might not budge a cent; and some might increase.
Posted by: Sammy on 08/21 at 04:43 AM
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