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Related Resources

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ARTICLE_DATE April, 10 2008 00:01:00
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ARTICLE_TEXT <p>Milk prices up 26%.&nbsp; Eggs up 40%!&nbsp; After <a href="http://www.boston.com/business/personalfinance/articles/2008/03/09/surging_costs_of_groceries_hit_home/">nearly two decades</a>&nbsp;of inflation-resistant food prices, consumers are approaching the check-out counter with fear and trepidation.<br /><br />The <a href="http://www.kansascityfed.org/RegionalAffairs/MainStreet/MSE_0108.pdf">Kansas City Fed</a> says that &quot;today's momentum in food prices may be signaling a new erea of even higher food prices.&quot;&nbsp; While they expect food price inflation to ease in '08, they see an increase well above the ten-year average of 2.6%.&nbsp; The strongest price pressures are likely to come from fats and oils, cereal, and bakery products.<br /><br /><a href="http://www.khqa.com/news/news_story.aspx?id=33565">Likely to do well</a> in this economic environment:&nbsp; house/store/off/generic brands and private labels.&nbsp; <a href="http://robinshreeves.blogspot.com/2008/03/staying-green-during-possible-recession.html">Susceptible to buyer flight</a>:&nbsp; organic/&quot;whole&quot;/&quot;natural&quot; foods.</p>
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Business

Grocery Grief

Milk prices up 26%.  Eggs up 40%!  After nearly two decades of inflation-resistant food prices, consumers are approaching the check-out counter with fear and trepidation.

The Kansas City Fed says that "today's momentum in food prices may be signaling a new erea of even higher food prices."  While they expect food price inflation to ease in '08, they see an increase well above the ten-year average of 2.6%.  The strongest price pressures are likely to come from fats and oils, cereal, and bakery products.

Likely to do well in this economic environment:  house/store/off/generic brands and private labels.  Susceptible to buyer flight:  organic/"whole"/"natural" foods.


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