Word: leibtag
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Dates: during 2008-2008
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...diverted into producing biofuels, and demand from developing countries such as China and India are just some of the factors behind the rising prices worldwide - none of which is easily overcome. U.S. consumers can expect the price of food to rise an additional 5.5% this year, USDA economist Ephraim Leibtag told Congress. "I think the price levels we're at now are not going to go down anytime soon," he added. And that means schools and families may face even tougher times down the road...
...Bureau of Labor Statistics says groceries cost 5.8% more than the same time last year. Price checkers in the department measure more than 2,000 food items to determine overall food inflation, and when they notice product size changes, they adjust the inflation index accordingly, according to Ephraim Leibtag, an economist with the Economic Research Service of the Department of Agriculture...