Hot or Not?
Ten Consumer Product Prices About To Rise Dramatically
With gas on the never ending rise of increasing, and inflation here are the top 10 products that are going to increase right along with it.
Yes, even the humble French fry is not immune to the power of inflation. A carton of Idaho russets recently sold for $22.24, up from $9-$10 last year. The Packer newspaper reports that prices may climb even higher. The coffee? Prices for the beans needed to produce the caffeinated beverage may rise as much as 40%, according to Bloomberg News. Kraft Foods and JM Smucker have already raised prices. The chocolate chips in McDonald’s cookies? Prices for chocolate have soared recently because of instability in the Ivory Coast, the largest cocoa producer. Hershey Co. announced a 9.7% increase in wholesale prices in March.
Read more: Ten Consumer Product Prices About To Rise Dramatically - 24/7 Wall St. http://247wallst.com/2011/05/0.....z1LUopJPkY