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NEW YORK, July 19, 2011 /PRNewswire/ -- Pay more, get less. This is the scenario that's increasingly playing out at grocery stores across the country -- and a majority of food shoppers are taking note according to Deloitte's new "2011 Consumer Food and Product Insight Survey. Nearly 9 in 10 survey respondents (87.7 percent)believe prices in food stores are escalating and almost three-quarters (74 percent) say the size of some packaged goods is smaller. Consequently, savvy consumers are purchasing more private-label and store brand products. More than three-quarters of respondents (75.3 percent) purchased lower-priced products and nearly 2 in 5 respondents (39.6 percent) added more private label products to their grocery bags.
The Sisters of Mercy Health System, which owns Mercy Health Center, is seeking ways to save money in its day-to-day operations, and officials believe they have found one. Resource Optimization & Innovation (ROI), which is a division of Mercy, is going to a private label for some of the products used in the chain of 19 hospitals and physicians groups.
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