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Updated On: Oct 03, 2008 (12:31:00)
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"Basic grocery items rise 10.5% from last year." October 2008. Matt Andrejczak, MarketWatch. "Besides the elevated costs for basic food ingredients, rising energy prices have boosted processing, hauling, and refrigerating expenses for food makers including Kraft Foods Inc. (KFT) and Campbell Soup Co. (CPB). Potatoes, cheddar cheese and apples posted the largest price gains from the second quarter of this year. A five-pound bag of potatoes cost $3.38, up 83 cents. Cheddar was $4.91 a pound, up 31 cents. Apples fetched $1.80 a pound, up 26 cents. Among other items that rose are the following: pork chops, up 22 cents to $3.62 a pound; ground chuck, rising 10 cents to $2.95 a pound; and whole milk, costing 4 cents more at $3.92 a gallon."
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