High Prices Turning Away Some Sales
Shoppers face higher grocery bills this season as prices push back some purchases. Families still splurge for gifts and festive foods like oranges, dates, raisins, and olives, while others curb spending and consider cheaper cuts and portions. One housewife notes turkeys around 60 cents per pound may alter holiday plans.
Ongoing Price Pressures Change Household Purchases
Shoppers nationwide face higher costs with oysters at 70 cents a pint and ham burger near 40 cents a pound. Many households cut back on meat, cheese, fruit, and fabrics while some items like radios and cars near 2000 dollars see delayed buying. Despite frequent boycotts, demand remains for certain merchandise.
Diamonds Shipped Mostly for Industrial Use Last Year
More than 80 percent of diamonds produced in the previous year were designated for industrial use rather than jewelry. The market emphasis shifted toward industrial applications, affecting supply and pricing dynamics.
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By Louise Johnston
University of Iowa
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