IN THE TRENCHES: Price driving consumer shopping choices
IN THE TRENCHES: Price driving consumer shopping choices
Have you gone grocery shopping lately? If so, you had to have noticed much higher retail prices on items in every department, including produce. Food price's have escalated noticeably in the past year. They increased 4 percent in 2007, and economists predict that the consumer price index for food could increase by 5.5 percent in 2008. This has led to much less consumer confidence with regard to spending.