WASHINGTON (FNS) -- The supermarket industry witnessed extremely low food inflation for 1997, with prices up just 1% over 1996 levels. The low inflation in the industry reflected intense competition, an abundant supply of food and the economy's overall low-inflationary picture, financial analysts told SN. The slight uptick in supermarket prices stands in contrast to 1996 when prices rose 4.9% over 1995 levels. That increase outpaced the 3.3% increase posted for all retail goods. The ...

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