- By Kenneth Schortgen Jr, Finance Examiner
- April 7th, 2011 1:17 pm ET
Price increases on April 4th at the LDS canneries show inflation up between 11 and 49% for many basic food staples. These rise in prices are a strong barometer for the overall economy since the LDS facilities are usually the last to raise prices for their communities, which provides food in bulk that they can collect through their vast networking operations.
According to the new price list from April 4th, many food staples have increased by more than 20% since the last price list came out just 3 months ago on January 3rd.