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Keyword: greateastdepression

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  • Economy: The rising cost of eating

    11/03/2011 8:26:01 PM PDT · by DeaconBenjamin · 90 replies · 1+ views
    Messenger Post ^ | Posted Nov 03, 2011 @ 09:48 AM | By Scott Pukos, staff writer
    A surge in food prices this year is impacting local grocery stores and restaurants, which in turn affects the people buying food from these places. But in many cases, owners of eateries and shopping venues say they have little choice but to raise prices to keep up with costs. “Oh yeah, prices have gone up like crazy,” said Mike Hetelekides, owner of The Villager Restaurant and Diner in Canandaigua. “We can’t keep up.” The U.S. Agriculture Department said last week that it expects retail food prices to increase 3.5 percent to 4.5 percent this year, after climbing just 0.8 percent...