Sunday, April 10, 2011

US Companies shrink packages as food prices rise

Check out THIS article about packaging getting smaller again as prices rise. We saw this when that hurricane slammed into the Texas refineries a few years ago and gas prices went over $4 a gallon. I distinctly remember diaper packaging was much smaller and the prices were much higher.

U.S. food prices have been rising in the last year, but it seems the growth is only just beginning. A sharp jump in commodities' prices this year will soon result in sticker shock for American consumers. Large food companies have recently announced that they will raise the prices they charge grocery retailers for commodities-based products. For example, a chocolate bar will cost more soon: Hershey last week announced a 10% increase for most of its confectionery goods.

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