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Prices Surge in the U.S.

Food prices jump nearly 5%.

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By: TOM BRANNA

Editor

For years, cosmetic companies and their suppliers complained that pushing through price increases was nearly impossible. During the past year, however, more suppliers are boosting the price of their raw materials as energy costs soar. And the industry is is not alone. According to recent figures from the Bureau of Labor Statistics, U.S. food prices increased by a whopping 4.9%, that’s .8% higher than 2007 inflation rates and 2.8% higher than food prices increased in 2006, according to ACNielsen....

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