Food Inflation Just Beginning

Eric Claus, CEO of A&P Tea, one of the U.S.' leading grocery store chains, says that food inflation will increase much more later this year. He says that the high cost of energy and food commodities have not yet been passed on to consumers by manufacturers and grocery stores. He says that food inflation has increased on the wholesale level significantly over the past quarter, and that these higher prices take time to filter through into the retail level. He says that food inflation is going to increase much more. Inflation is ramping up!