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( Natural News ) Food inflation in the United States is reaching a tipping point. If the prices of food in groceries go up any further, industry executives warn that consumer spending habits may change.
Throughout the year, American consumers have accepted the growing costs of basic food items at supermarkets and groceries. But companies that make many of the now more-costly staple goods are concerned about reaching a tipping point.
Supermarket and consumer goods executives have pointed out that price increases that go above five percent are likely to influence consumers to radically rethink their spending habits to make up for the bigger grocery bills that they now have to deal with.
Food inflation in the U.S. is fast approaching a level where consumers will no longer be able to cope. In September, food prices increased by 4.5 percent compared to the same month last year.Multinational food and drink conglomerate […]
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