Economic

Grocery and gas prices on the rise

“Groceries and gasoline are two necessities in just about every American household and pretty soon, most families will have to stretch those two major budget items.

According to the United Nations’ food price index, the cost of putting food on the table has increased over the past seven months, peaking earlier this month at its highest level since record keeping began in 1990. That means you’ll likely pay more at the store very soon.

‘You’re gonna see your food budget being attacked, it’s gonna be crunched because of the rising prices,’ says Harry Balzer with NPD Group. “

(Grocery and gas prices on the rise)

OODA Analyst

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