October 2008 Issue
Savvy Shopping: 9 Tips for Saving at the Supermarket
Food shopping these days is taking a bigger bite out of everyone’s pocketbook. According to a U.S. Department of Agriculture report, food prices rose 4% last year—the highest annual increase in almost 20 years. That upward climb has continued this year with no end in sight. The rising cost of fuel is the driving factor. Skyrocketing oil prices not only increase food production and transportation costs, but also have added to burgeoning demand for corn and soybeans, increasingly being diverted from the food supply to make alternative fuels like ethanol and biodiesel. Other aggravating factors include a weak dollar, growing global food demands and weather woes like this past summer’s floods in the Midwest.
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