Fresh Produce Discussion Blog

Created by The Packer's National Editor Tom Karst

Thursday, January 10, 2008

What we spend money on

I was doing some reporting for a story this week on the impact of the potential recession on the fruit and vegetable industry. As it turns out, some economists are already saying the recession has already begun.
In any case, I happened to stumble over this interesting link from the Bureau of Labor Statistics. It breaks down what Americans spend on virtually everything. For example, the average household spent $552 on fruits and vegetables in 2005, compared with $2,013 for gasoline and motor oil. In case you were wondering.....

Unfortunately, rising gasoline prices now may be one factor in reshaping consumer expenditures, to the likely detriment of foodservice operators in 2008.

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