News / Utah / 

Ethnic stores feeling pinch from weakening dollar

Ethnic stores feeling pinch from weakening dollar



This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

SALT LAKE CITY (AP) -- Some Utah stores that sell imported ethnic food are feeling the pinch from rising fuel costs and the weakening dollar overseas.

Those factors have pushed up prices and left customers reluctant to pay more for foreign products.

Michael Mamo, a Westminster College economics professor, says weaker currency abroad always makes it difficult for importers.

Gutama Hunde, an Ethiopian native who owns the African Restaurant and Mini Mart in Salt Lake City, says in recent months, the store has stocked less and less lamb and goat meat, a favorite staple for African customers.

Pamela Perlich, an economist with the University of Utah, says larger and more established Asian and Latino markets may be faring better because there's more of an established customer base.

------

Information from: The Salt Lake Tribune

(Copyright 2008 by The Associated Press. All Rights Reserved.)

SIGN UP FOR THE KSL.COM NEWSLETTER

Catch up on the top news and features from KSL.com, sent weekly.
By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

KSL Weather Forecast