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David is an occasional blogger, software engineer, Nintendo fanboy, liberal, news magazine addict, voracious TiVo user, and bibliophile. He was born in St. Louis, grew up in southern Indiana, and returned to St. Louis to attend Washington University. He hasn't managed to escape yet. He's a fan of free wine tastings, too many tv shows to name, and eating out. David makes his living developing web applications used internally by his employer. He doesn't blog about work because he's heard too many stories about that causing workplace troubles. There's more on the about page. |
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Why food is still so expensive at the grocery store
The nation's big grocery chains contend that food manufacturers have raised prices too fast and too far, considering large drops in prices for fuel, corn, wheat and other important commodities in recent months.The food companies disagree and say they are still coping with many rising prices themselves.
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These increases factor in the growing practice by the manufacturers of shrinking the weight of the contents without reducing wholesale prices.
In short, you're paying more for less these days because food manufacturers bet that prices would continue to rise and signed futures contracts that locked in the high commodity prices of recent years.
Posted by on 8 March 2009 at 11:54 AM
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