Food prices on the rise, is it time to stock up?
Yes! Its a great idea to stock up! Especially on foods that have long shelf life. In our opinion it's worth the hassle. Here's a post from MSN Money with an overview of this topic:
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“Based on what I've seen in the past, it takes about nine to 12 months for an increase in raw food material prices to get fully passed on and to fully work their way down to the grocery shelves so I think by the end of this year we'll be looking at much more rapid food price inflation,” Porter says.
With no global economic crisis on the horizon to pull prices back down again, the higher prices could linger longer than they did when they hit record highs in 2008, he says.
Statistics Canada says general food prices rose 2.1 per cent in the 12 months leading up to January — about the same as the general inflation rate. But Canadians paid 10.7 per cent more for sugar and confectionery goods, and sugar is an ingredient in many processed foods….”
Read Full Article:
http://money.ca.msn.com/savings-debt/yourmoney/article.aspx?cp-documentid=27929642
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