Eggs were 11.6% more expensive in October than a year ago, chicken cost 8.8% more, cereal was 5% more expensive, and baby food prices grew 7.9% annually. The producer-price index, which measures the price manufacturers receive for their goods and services, jumped 0.6% last month from September and rose 8.6% annually. Van de Put said a 6%-to-7% price increase will take effect on its US products in January. Squeeze on low-income customersWhile higher prices for food are impacting families across the country, low-income shoppers get hit hardest when essentials become more expensive. Consumers have shown a willingness to accept higher prices for food and household basics without much of a drop-off in spending.
