Decreasing Food Manufacturing Costs Expected to Reduce Prices

With decreasing food manufacturing costs, consumer prices are expected to decrease over the next months due, at least in part, to a fall in fall in global commodity markets: 

• With crude oil now at $76 per barrel (down from its $100 barrel peak), the national average for gasoline has decreased to $3.41 per gallon.
• Although flour prices have risen this year, they are expected to fall back, as global wheat suppliers that had dealt with drought and shortages last year are back in the market.
• The price of cocoa has dropped by about 15 percent, which should reduce the cost of chocolate production.