Although the economy is likely to remain in good shape during the second half of the year, consumers are apt to remain cautious in their spending, top supermarket industry executives told SN. Most of those interviewed said they are cautiously optimistic that business will continue to be strong during the balance of 1996, with interest rates remaining fairly stable and food inflation anticipated in the range of 1% to 3%. Interest rates peaked in June but have declined since, while food ...

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