Monday, October 25, 2010

Get Ready for More Sticker Shock at the Grocery Store if I didn't already warn you! From WALB News 10 Minnesota. Now it's official.

"Commodities experts say the price you pay for a number of items at the grocery store is on the way up.

A grain shortage and a domestic corn crop that fell short are being blamed for a spike in the prices of everyday items like bread and cereal.

You'll also pay more for meat and dairy, because farmers are paying more for the corn and grain that feed their animals. At some point, they have to pass that cost along to consumers.

Sally Weissman, owner of Great Harvest Bread Co. in Minneapolis, MN is already dealing with price increases.

"What we purchase the most of is butter and cheese and it has just continually gone up since probably June," she said.

Weissman plans on paying more for wheat when she re-orders for next year, as well."

Let's not forget the drought in Brazil, sending coffee prices spiraling, or the sugar dilemma, forcing us to rely on cane sugar. While we're at the clothing store, let's keep in mind the failed cotton crops and how it affects everything from t-shirts to denim. Saturday, I mentioned the flooded rice fields and the fact that you should stock up on rice NOW.


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