http://www.dallasnews.com/business/stories/385670_cereal05e.html General Mills increases cereal prices

06/05/2001

Associated Press

MINNEAPOLIS – The cost of boxes of cereal like Wheaties, Cheerios, and Total is increasing an average of 2 percent, Golden Valley, Minn.-based General Mills announced Monday.

The price jump averages out to roughly 6 or 7 cents a box for cereals like Chex, Total Raisin Bran and Total Corn Flakes, which typically costs around $3 in the Minneapolis area, General Mills spokesman Greg Zimprich said.

The price increase went into effect May 31.

Shelling out a few extra cents isn't a big deal for Frank Tadych, 25, of St. Paul, Minn.

"I really don't think it will affect me," said Tadych. "When it comes to me and my Lucky Charms, I'm going to shell out the extra six or seven cents and buy my Lucky Charms."

The decision to raise the price was the result of higher energy, ingredient and packaging costs, Zimprich said.

The last time General Mills increased its cereal prices was in April 1999, when the company raised prices 2.5 percent.

John French, 30, doubted he would even notice the higher prices for cereal on his next grocery trip.

"A few cents? Naw, that's no big deal," said French, of Plymouth. "We'll shove out the extra costs." His wife, Jen, eats Total cereal.

General Mills leads the U.S. market in ready-to-eat cereals, followed by Kellogg Co., which makes Rice Krispies and Frosted Flakes, among other brands.

-- Anonymous, June 05, 2001

Answers

http://biz.yahoo.com/rf/010604/n04100509.html

GREENSPAN SAYS CALIFORNIA A CONCERN

In introductory remarks delivered via satellite to a central bankers conference in Singapore on Sunday night, Federal Reserve Chairman Alan Greenspan noted that the effect of rising electricity prices on the California economy had been ``modest'' to date.

``But no state or area of the United States has experienced the supply-demand imbalance in electric power that currently confronts Californians. This imbalance should only be a problem in the short- run, but it is, nonetheless, a concern for the national economic outlook,'' Greenspan said.

-- Anonymous, June 06, 2001

HINT from Alan G:

Federal Reserve Chairman Alan Greenspan noted that the effect of rising electricity prices on the California economy had been ``modest'' to date.

If you choose to live in a State that REFUSES to allow the construction of the Power Capacity you need for the future, stay and pay in California. OR NY where the "citizens" voted to refuse the Shoreham Nuke Plant opening. LI will go to about 15 to 20 cents/KW as will California. At which point, States that had more foresight, will become the prime Relocation points for BUSINESS. And the "public" will follow the jobs.

-- Anonymous, June 06, 2001