Food Price Shocker on its Way
Brace yourself for a little sticker shock at your local grocery store.
That's the message from analysts as Canada's major grocers are hinting they may pass on rising commodity prices and other costs to consumers.
In the short term, shoppers could see higher prices for breads and baked goods given the rising price of wheat. And sustained increases in the cost of food commodities are expected to trickle down to every aisle of the grocery store by year's end, say analysts.
Read more: http://www.windsorstar.com/business/Food+price+shocker/4389296/story.html#ixzz1FlXwEFSC
*****************************************************
We have been warning about this for over a year now. As energy and precious metals prices rise, so does food. It is an often over-looked part of a retirement plan or your investment portfolio, however people need to protect themselves from much higher cost-of-living prices. One of the best way to maintain your wealth and purchasing power is to own physical gold and silver. Yes, maybe my opinion is a little biased, but it's the truth. BK
