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Wednesday, April 6, 2011

Even Walmart is announcing price increases

I keep seeing articles that say food prices are going UP UP UP.

"....inflation is "going to be serious," Wal-Mart U.S. CEO Bill Simon said during a meeting with USA TODAY's editorial board. "We're seeing cost increases starting to come through at a pretty rapid rate."

  • "...Along with steep increases in raw material costs, John Long, a retail strategist at Kurt Salmon, says labor costs in China and fuel costs for transportation are weighing heavily on retailers. He predicts prices will start increasing at all retailers in June."

    My advice:  Use whatever discretionary money you have right now to buy the food before it gets too expensive.

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