Mar 30, 11
Read part 3 of 4
So, what can you expect on your next trip to the grocery store? American consumers likely will pay moderately higher prices at the store for some food products, particularly for processed goods that require additional links in the production chain.
“We’d expect to see the goods with a higher degree of processing to them, like breakfast cereals and a lot of pre-packaged, pre-cooked materials, to go up faster than a five-pound bag of flour,” Sartwelle suggests. “Those products have a lot more processing, transportation and marketing costs.”