Anxiety felt over higher food prices
"The anxiety felt over higher food prices is going to be
just as widespread, and will
Never
in our history of 15 years of managing grocery data have we seen such a
strange economic environment. Many times each day we are reminded of
the many
crises surrounding our food supply. Rising gas and food prices, food
shortages, depleted food banks, rising demands for food assistance.
Things are tight and it doesn't look like it is going to be over soon.
Yesterday the Joint Economic Committee of Congress
held a special hearing "How Are High Food Prices Impacting American
Families?" The testimony given doesn't give a lot of hope for
improvement. In short, the era of cheap food is over. Consumers are
making lifestyle changes to cope with the food and grocery price
increases. They are using more coupons, switching to non-branded
products, planning their shopping trips and meals and stocking pantries.
Read more: Joint Economic Committee of Congress - "How Are High Food Prices Impacting American Families?"
