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What the ‘affordable’ Tesla Model 3 rollout means for car buyers Getty Images
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LOS ANGELES, CA - SEPTEMBER 15:  Republican presidential candidate Donald Trump speaks during a campaign rally aboard the USS Iowa on September 15, 2015 in Los Angeles, California. Donald Trump is campaigning in Los Angeles a day ahead of the CNN GOP debate that will be broadcast from the Ronald Reagan Presidential Library in Simi Valley.  (Photo by Justin Sullivan/Getty Images)  Getty Images
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LLANDUDNO, WALES - SEPTEMBER 08:  Senior citizens walk along Llandudno Pier on September 8, 2014 in Llandudno, Wales. Britain is facing multiple problems stemming from an increase in the elderly proportion of its population, including increasing health care costs, strains on its social security system, a shortage of senior care workers and challenges to the employment market.  (Photo by Christopher Furlong/Getty Images)  Getty Images

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What bear market? Stocks look likely to rise

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How to buy a used car
The correct way to go about buying a used car
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MMA $10K+
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MMA $50K+
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National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.96% 11.96% 11.62%
Business 13.12% 13.12% 12.85%
Student 13.42% 13.42% 13.14%
Balance Transfer 14.35% 14.35% 14.12%
Airline 15.17% 15.17% 15.10%
Cash Back 15.20% 15.26% 15.27%
Reward 15.25% 15.28% 15.14%
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A daily look at what we buy, how we spend, and the companies that do right - and wrong - by their customers.

Supermarkets May Sneak in Price Increases

iStockphoto

A surprise jump in wholesale food prices in September is bad news for producers and retailers, but you won’t feel it in your wallet. Yet.

Producer prices – the amount farmers receive for their goods from manufacturers – rose by 6.9% compared to September 2010 or 0.8% on the month, the U.S. Labor Department said Tuesday. Wholesale prices – those paid by retailers – increased by an annual 2.5%; the biggest rise since June 2009. Worse, higher food prices aren’t limited to a particular food group. U.S. wholesale prices rose across the board due to the rise in energy costs and commodities like grain and coffee. Fresh and dry vegetable prices soared by 10% on the year last month; beef and veal prices rose by 5.4%.

Analysts say supermarkets will start passing price increases onto consumers slowly and quietly. “Most retailers have been reluctant to raise prices up until now and have eaten up the higher raw material costs,” says Michael Keara, an equity analyst for Morningstar. “But they will start.” Although food commodity prices have been climbing steadily this year, grocery stores have held off because they don’t want to scare price-sensitive customers. However, expect to see supermarket prices edging up in six to nine months, he says.

Consumers watching their wallets may also want to keep a closer eye on package sizes for their favorite foods. Keara says the jumps in wholesale and producer costs are so high that manufacturers are likely to cut quantity as a way of disguising price hikes. In other words, start making a note of how many ounces you get in your six-pack of your favorite granola bars. “They don’t want to shock consumers,” he says, noting that increases over 5% hurts sales volumes.

Shopping experts are already advising consumers to stock up, track expiration dates and freeze perishables. “Shoppers are shopping less frequently, twice per month,” says Nick Dellis, a spokesman for online grocery list site Ziplist.com. Stephanie Nelson, founder of CouponMom.com, which advises consumers on the best coupon-clipping strategies and deals, suggests buying chicken at the end of its two-week sale cycle and freezes it. Buying chicken at $2 a pound or half price saves her $450 a year.

Comments

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Comments (3 of 3)

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    • SAYTLAR ACIRAM ISTEYENE d6YREDİM SAYTLARİN DİZAYN FULL OLACA dcSTdcNDE 2 DİZAYİNDA VERİLİR SİZ MENDEN SAYT ALMAQ İSTESEZ YANİLMASSİZ SAYTLAR DİZAYNİNDAN ASLİ OLARAQ DEYİŞİR 3 AZN LA 15 AZN ARASİNDA. d6YRENMEK İSTEYENLERE İSE BİR Sd6ZdcM VAR EGER FUUL DİZAYİNDA Ac7MAQ İSTEYİRSİZSE 20 AZN SADE DİZAYİNDA İSE 10-15 AZN ARASİNDA DEYİŞİR.email adresime yaymizan! EGER BdcTdcN DİZAYİNLARDA İSTEYİRSİZSE 25-30 AZN ARASİNDA DEYİŞİR ONUDA DEYİM Kİ SAYTLARİN DOMENLERİ vven.ru vven.su hak.su ve.s yazdiqlarimla razilaşanlar ~050~716~80~90~ nf6mresine zeng etsin lazim olsa hf6rmetde ederem

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    • Many people facing rising food costs are considering coupons as a way to save money on their grocery bills including myself who uses smart source or Printapons websites to get daily alerts.

About Pay Dirt

  • Pay Dirt examines the millions of consumer decisions Americans make every day: What to buy, how much to pay, whether to rave or complain. Lead written by Quentin Fottrell, the blog examines these interactions, providing readers with news, insight and tips on shopping, spending, customer service, and companies that do right – and wrong – by their customers. Send items, questions and comments to quentin.fottrell@dowjones.com or tweet @SMPayDirt.

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132.55MDow Volume:
Avg Vol: 132.70M
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Decliners
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Price Chg %Chg 1 Day
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S&P 500
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Singapore
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Euro
/quotes/zigman/16008136/realtime/sampled 1.13 -0.01 0.61%
Yen
/quotes/zigman/16008150/realtime/sampled 113.25 +0.83 0.74%
Pound
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/quotes/zigman/15866666/realtime 1.75 0.00 0.00%
German 10y
/quotes/zigman/15866409/realtime 0.26 +0.07 37.97%
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Gold
/quotes/zigman/33772884/delayed 1,239 -9 0.75%
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Quotes

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AAPL /quotes/zigman/68270/composite 93.99 0.29 0.31%
GOOG /quotes/zigman/59527964/composite 682.40 -0.71 -0.10%
BAC /quotes/zigman/190927/composite 11.95 0.79 7.08%
C /quotes/zigman/5065548/composite 37.54 2.56 7.32%
F /quotes/zigman/264304/composite 11.55 0.38 3.40%
T /quotes/zigman/398198/composite 36.47 0.26 0.72%
BP /quotes/zigman/247026/composite 29.02 1.38 4.99%
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5 yr CD
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2 yr CD
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MMA $10K+
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MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.96% 11.96% 11.62%
Business 13.12% 13.12% 12.85%
Student 13.42% 13.42% 13.14%
Balance Transfer 14.35% 14.35% 14.12%
Airline 15.17% 15.17% 15.10%
Cash Back 15.20% 15.26% 15.27%
Reward 15.25% 15.28% 15.14%
Instant Approval 18.02% 18.21% 18.00%
Bad Credit 22.56% 22.88% 22.73%
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