A problem for food cos, restaurant chains and us- food and oil costs
February 5, 2011
If you’re a food manufacturer, a restaurant chain or just an average consumer in the US and especially the developing world, the above graph has to have you worried.
Not only does it show the recent rapid increase in the costs of both food and oil, but it shows the closeness of the relationship between the two indicators.
Oil tends to follow food, but the pricing pattern are highly correlated.
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