Consumers, Restaurants Deal With Higher Food Costs

In addition to higher gas prices, you have probably noticed grocery prices have been on the increase.

According to the World Bank, an organization that provides financial and technical assistance to countries around the world, food prices have gone up 29-percent in the last year. The price increase is due in part to floods, drought and crop failures, along with the increase in demand for food in developing countries like China and India.

Locally, shoppers say they've changed what they buy, and are paying more attention to sales. Some say the price increase has meant less money for other things. Janice Suggs of Greenville says, "I can't pay other bills if I have to buy groceries. I have to pay only bills if I have to buy groceries. And you know, we all have to eat."

Many restaurants say they're also feeling the effects of higher food prices. Some say it could result in passing down the costs to customers.


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