Monday, May 15, 2017
Prices for food and goods go up
The $3.90 cakes at NPGS in Lakewood went up by 50 cents this week to $4.39 The Yated newspaper is now $3, Ami and Mishpacha magazine are now selling at a newsstand price of $6. Previously price increases were blamed on the high price of Gas and other cost increases of agricultural products. With Oil prices stable its hard to know what is driving up the prices. In general market analysts say Inflation is back, after disappearing in March, and it's showing up in a broad range of costs for goods and services. So while the supermarkets competition currently may benefit the consumer, in the end prices will only rise.