NEW YORK — Rapid food-cost inflation could subside shortly, but high energy prices will continue to challenge retailers and consumers, Steve Wieting, an economist for Citibank, said in a conference call last week. Wieting noted that weekly commodity prices for items like wheat, beef, chicken, corn and soybeans are either at or below their peak levels, “pointing to a diminished pace of future inflation,” which he estimated to be around 5% for food overall this year. In addition, Wieting ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.