Monday, June 16, 2008

More Nashvillians Cut Spending on Groceries

From the Tennessean (June 15, 2008): "'We're just continuing to find out how well we can take a punch,' said David Penn, an economics professor at Middle Tennessee State University. 'We've already been battered by higher food and fuel prices, and the news seems to be getting worse.' Penn predicts food prices will continue to rise gradually because of increasing world demand for food from countries such as India and China."