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In The News
   
 
 

 

In The News

  

November 3 - Economy: The rising cost of eating

Article: Signs Of The Last Times
 

A surge in food prices this year is impacting local grocery stores and restaurants, which in turn affects the people buying food from these places. But in many cases, owners of eateries and shopping venues say they have little choice but to raise prices to keep up with costs.

“Oh yeah, prices have gone up like crazy,” said Mike Hetelekides, owner of The Villager Restaurant and Diner in Canandaigua. “We can’t keep up.”

The U.S. Agriculture Department said last week that it expects retail food prices to increase 3.5 percent to 4.5 percent this year, after climbing just 0.8 percent in 2010.

“Higher commodity costs, higher energy costs and a greater demand for food globally has contributed to driving food costs up,” said Natale. “Cost increases are pretty consistent across the board.”

She said that specific commodity costs that have increased include wheat, corn, soy and anything that feeds on those three foods. Transportation costs are also up, she added, which factors into the pricing.

Hetelekides said a majority of customers will understand why restaurants need to adjust pricing. “Most people understand,” he said. “They’ll see the changes for themselves at the supermarket.”
 
 

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