Grocers-Tout-Sales-Even-as-Prices-Climb: Personal Finance News from Yahoo! Finance: "Grocers Tout 'Sales' Even as Prices Climb
by Julie Jargon, Ann Zimmerman, and David Kesmodel
Tuesday, April 1, 2008provided byWSJ
Demand and Bad Weather Raise Costs for Must-Haves; More Wal-Mart Rollbacks
With food costs soaring and the economy slowing, the nation's supermarkets are touting their discounts even as they jack up the price of most items.
Consumers are being whipsawed by the powerful marketing pitch of buy-one-get-one-free offers for nonessential items at a time when they're paying more for must-haves. The average price of a dozen large eggs in February was $2.17, up 24% from the year before, while a gallon of whole milk rose 26% to $3.87 compared with February 2007."
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