Tuesday, August 14, 2007
oh it gets worse
McClatchy Washington Bureau | 08/14/2007 | Prices for key foods are rising sharply: "MIDLAND, Va. — The Labor Department’s most recent inflation data showed that U.S. food prices rose by 4.1 percent for the 12 months ending in June, but a deeper look at the numbers reveals that the price of milk, eggs and other essentials in the American diet are actually rising by double digits. Already stung by a two-year rise in gasoline prices, American consumers now face sharply higher prices for foods they can’t do without. This little-known fact may go a long way to explaining why, despite healthy job statistics, Americans remain glum about the economy."
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