Ash Grove, Fair Grove and Strafford branch libraries will delay opening until 10 a.m. Monday, Mar. 2, due to inclement weather. See the weather closing policy.
Published April 10, 2008 Submitted by: Mike
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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