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News Flash: Bowl of Dry Cereal Costs 16 Percent More in 2008

  • The price of cereals and bakery items rose 15.9 percent in the first half of 2008. Hopefully one price analyst who thinks prices will moderate or fall by the end of the year is correct in his prediction, and until then there's always coupons. — CNN Money
  • SUVs are proving to be an expensive pain for dealerships and owners and some are comparing the situation to the housing market — flooded inventory and a lack of interested buyers. — The New York Times
  • Americans have cut back on driving by 53.2 billion miles since November. That beats the 49.3 billion decline more during the 1970s oil shock! — The Wall Street Journal


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