What Ray predicted is coming true (emphasis added).
For years, Joe Palombo of Joe Palombo’s Mirabella Cafe in Cherry Hill paid $14.50 for a 50-pound bag of semolina flour for pasta. Last week, it was $44. Prices are rising so quickly, it’s hard to comparison-shop, Palombo said.
The regional office of the Bureau of Labor Statistics on Friday reported that the average price of food eaten at home had risen 2.3 percent from February 2007 to February 2008. Food eaten away from home rose 3.7 percent.