NEW YORK (1010 WINS) — Coming to a store near you: Sticker Shock.
Global wheat prices have more than doubled in the last six months, corn and sugar prices rose 73 percent, and cotton futures are up 44 percent since the beginning of this year, according to analysts.
Shoppers in Queens tell 1010 WINS’ Mona Rivera that they’re already seeing higher prices
All of this will mean you’ll have to dig deeper to pay for the basic necessities in coming weeks.
Food prices will rise – not just at grocery stores but at restaurants as well. Local merchants who say they’ve held the line on prices during the economic downturn say they won’t be able to do that much longer.
“Soon you’ll have to come with a shopping bag full of money to take home an item,” one shopper told 1010 WINS’ Mona Rivera.
The increase in cotton prices means you’ll be paying more for clothing — including anything from underwear to overcoats.
A mother of five buying groceries at a Stop And Shop in Little Neck told Rivera that the price of cereal is up but there seems to be “less and less” in the boxes.
“I can’t get out of the store without spending $300, $400 a week and I’m really not getting value for my money,” another shopper said.
One woman told Rivera that she’s noticed prices at the supermarket has increased just this past week.
Are you already feeling the pain at the checkout counter? Let us know below