Dinner Costs 5 Percent More Than It Did a Year Ago
|Even Botoxed models register shock at how expensive food has gotten.|
Five percent is noticeable, even to less price-conscious shoppers like SFoodie. While some manufacturers have responded by quietly shrinking the size of their packages -- we're paying the same, but for less -- others are passing on the hikes. USA Today also reports that, so far, consumers are the only ones suffering. Shares in major grocery store chains are up, some in the double digits. And one analyst told the newspaper he considers Whole Foods completely safe from recession-oriented backlashes over rising costs: "We view their consumer as best positioned to absorb higher prices in a slow growth environment."