Techno Pricing

The rising cost of food commodities has led to the biggest jump in retail food prices in 17 years, the Wall Street Journal reported on Jan. 3. Food retailers are mostly passing along their higher costs to consumers, but so far companies like Safeway and Kroger say they are not seeing a negative impact on sales. It appears that consumers are willing to pay 5.3% more that was the jump in the Consumer

The rising cost of food commodities has led to the biggest jump in retail food prices in 17 years, the Wall Street Journal reported on Jan. 3.

Food retailers are mostly passing along their higher costs to consumers, but so far companies like Safeway and Kroger say they are not seeing a negative impact on sales. It appears that consumers are willing to pay 5.3% more — that was the jump in the Consumer Price Index for food last year through November.

Still, a growing numb

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