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Frugal U.S. consumers make it tough for food companies to raise prices
date:May 15, 2014
olumes during March and April.

The wholesale price for beverage milk was about $2.10 per gallon in May, a record, and up 38 percent from a year ago, according to dairy analyst Jerry Dryer. In March, retail milk prices were up only 6.5 percent, suggesting that retailers are eating much of the cost increase, he said.

INFLATION TARGET

U.S. consumer prices rose 1.5 percent in March from the year earlier, led by food and housing rental costs. An index of inflation tracked by the Federal Reserve is

12/26 00:09