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Other direct beneficiaries of lower commodity prices include food producers such as Kellogg, ConAgra and General Mills, which previously imposed price increases to offset higher commodity costs.
With commodity costs declining, Kellogg has benefited from previously imposed price increases that it passed on to consumers who are eating more meals at home.
Other direct beneficiaries of lower commodity prices include food producers Kellogg, ConAgra and General Mills, which previously imposed price increases to pass on higher commodity costs to consumers.
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Howard Cotler, chief executive of the H. Cotler Company in Manhattan, owner of Reltoc (Cotler spelled backwards), said his company, too, expected to impose price increases.
New sources of natural gas will most likely generate more competition among fuel distributors and discourage sellers of heating oil from taking advantage of temperature plunges or political upset in oil-producing nations to impose price increases.
His method allowed him to isolate the way sudden government-imposed price increases affected consumer behavior.
He said it imposed price controls on insurance premiums, although it in fact only allows the government to review rate increases, not to reject them.
In the wake of the 1973 Arab-Israeli war, the oil-producing nations of OPEC imposed huge price increases that stoked inflation.
And, year after year, the big networks imposed hefty price increases for ads, even as millions of viewers defected to cable, and early zapping technology the remote control and the VCR took hold.
"Only 16% of the bill is under our control and imposing price controls discourages investment, increases uncertainty and ultimately leads to higher prices".
Only 16% of the bill is under our control and imposing price controls discourages investment, increases uncertainty and ultimately leads to higher prices," he said.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com