Last week, Hershey's succumbed to the rising prices of dairy and wheat products by hiking up its chocolate prices. This week Kraft Foods and Kellogg will be doing the same. This means you should be seeing an increase in your Rice Krispies, Eggos, Kraft Singles, Mac 'n' Cheese, DiGiorno pizzas, and many other products from these companies.
This is bad news for our slowing economy, and is actually the largest jump in food prices since 1990. Have any of you seen signs of rising prices in your markets? Do you think the price hike will affect the way you eat?