Food prices rose 3.9 percent last month, the most since November 1974, with most of the increase due to harsh winter freezes in Florida, Texas and other Southern states, which damaged crops, according to The News Journal in Wilmington, Del.
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Editor's Insight: Vending operators who have not raised prices this year should not wait any longer. If this report is accurate, prices are expected to keep rising.
While it is difficult for vending operators to raise prices, the best time to do it is when other retailers are also raising prices. Consumers resent price increases, but when they see retail prices rising, they recognize that increases are justified. 03-18-11 Elliot Maras