Remember last year when all the food manufacturers were raising prices and shrinking portions because the cost of raw materials had risen dramatically? Now that costs are down, they’re reluctant to lower prices. It’s a good time to be in the food business.
raw materials
"High-End" Supermarket Wegmans Slashes Prices To Stay Competitive
By 11.7.08
Wegmans, an “upscale” grocery chain with stores in 5 Mid-Atlantic states, is cutting prices to stay competitive during the post-Wall-Street apocalypse.
What's Worse Than Inflation? Deflation.
By 11.1.08
The New York Times has an interesting article today about the rising specter of deflation — in which a lack of demand causes prices to fall. Falling prices sounds like a good thing for consumers who have been battered with rising costs over the past year — but experts agree — deflation is nothing but bad news.
How Long Can McDonald's Afford To Keep The Double Cheeseburger On The Dollar Menu?
By 7.24.08
Double cheeseburger fans are going to have to face a grim reality. The rising cost of raw materials means that McDonald’s has to pay more for beef– and the double cheeseburger will probably have to leave the dollar menu.
Cutback Cuisine: Restaurants Are Substituting Cheaper Ingredients As Costs Rise
By 3.24.08
As the cost of raw materials rises, its not just the food at the grocery store that’s getting smaller and more expensive—restaurants of all kinds are having to do more with less.
