Top Story: Food Prices

Grocery at checkout

Trio of factors pushing food
prices higher, economist says

March 17, 2011
By Steve Leer

Grain shortages, Middle East turmoil and extreme weather in critical crop-producing regions have combined to send retail food prices higher this year, said a Purdue University agricultural economist. Prices could climb further if commodities markets continue their upward march.

American consumers can expect to spend about 4 percent more for food this year than in 2010, said Corinne Alexander. Beef, pork and poultry products likely will see even greater price hikes, she said.

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