Food Prices Going Up, Restaurants Cutting Back

As if the rising rent prices weren't enough, now food prices are skyrocketing for consumers all over the country. Everywhere you look this morning, there are articles about the rising costs of staples like eggs, milk, and even coffee. As gas prices rise and demand for alternative fuels made from corn also increases (corn is the staple crop of all Americans), your grocery bill is suffering.

EaterLA tipped us off to another article from last week's Wall Street Journal, which reveals one of the more shocking repercussions of the market crunch: Pink's is raising the price of its hot dogs, one of many restaurants across the country which must cut costs or reduce portion sizes in order to remain profitable. Higher-class establishments like the Patina Group are cutting down on their imported wines and ingredients.