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Old 05-06-2008, 10:59 PM   #43
xoxoxoBruce
The future is unwritten
 
Join Date: Oct 2002
Posts: 71,105
From a Boston Globe article;
Quote:
This combination of a weak dollar, soaring energy prices, and global demand recalls the 1970s, when retail food prices rose an average of nearly 9 percent a year, said Bill Lapp, president of Advanced Economic Solutions, an Omaha research firm. Over the past year, Lapp said, food prices rose nearly 5 percent, more than double the average rate of the previous 10 years. Prices will rise even faster the next five years, he forecasts, increasing at an annual rate of 7.5 percent.
Plus, don't you remember tw telling us how produce was skyrocketing last summer?
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