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COMMENTS: Food Substitution
Inflation data for the month of April found that food prices are increasing at their fastest rate in 18 years. CBS' Anthony Mason checked out the Fairway supermarkets of New York City. He found shoppers were neither spending more nor buying less--but substituting instead, chicken for steak, for example. Trish Regan of CNBC, NBC's sibling financial news cable channel, checked out how restaurants: she found few price increases with some substitution of lower cost ingredients and many smaller portions. As part of CBS' Eye on the Road series, Jeff Glor looked at the impact on Denver's Meals on Wheels home food delivery program. It delivers 1,800 hot lunches a day and has 300 more on a waiting list it cannot afford to feed.
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