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TODAY'S QUESTION: With gas and food prices rising, what are you doing to make ends meet?

Wednesday, May 4, 2011 | 5:35 p.m. CDT

The cost to fill up your car with gas has been rising. In April, average gas prices went up 30 cents, and average Americans were paying $3.91 a gallon.

A poll conducted by the Washington Post and ABC News found that 70 percent of respondents said that higher gas prices had caused financial strain on their families and 44 percent said they were driving less. 

At the same time, food prices have been on the rise. Eric Rosengren, president of Federal Reserve Bank of Boston, said the increase in food prices is because of "bad weather in agricultural nations." He said he does not believe however that the high costs of energy and food will create an inflationary cycle.

With gas and food prices rising, what are you doing to make ends meet?

 


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