Food prices rise sharply, but yet to crest

  • For the first time since 2008, inflation is hitting consumers in the stomach.
  • Economists predict that this is only the beginning. Fueled by the higher costs of wheat, sugar, corn, soybeans and energy, shoppers could see as much as a 4 percent increase at the supermarket checkout next year.

From the San Francisco Chronicle:

For the first time since 2008, inflation is hitting consumers in the stomach.

Grocery prices grew by more than 1 1/2 times the overall rate of inflation this year, outpaced only by costs of transportation and medical care, according to numbers released Wednesday by the U.S. Bureau of Labor Statistics.

Economists predict that this is only the beginning. Fueled by the higher costs of wheat, sugar, corn, soybeans and energy, shoppers could see as much as a 4 percent increase at the supermarket checkout next year.

Food prices rise sharply - and there's more to come

Discuss this article 0

Post new comment
Sign In or register to use your Western Farm Press ID
(optional)

Continuing Education Courses
New Course
The 2,000-member Weed Science Society of America’s (WSSA) Herbicide Resistance Action...
New Course

The course details six of the primary diseases affecting citrus: Huanglongbing (Citrus...

Get the latest info on almond insect pest management. California: 2 Hours "Other"
Farmer-to-Farmer Used Equipment