Archive for the ‘Economic Research Service’ Category

Food Prices: 17 Year High?

January 11, 2008

COLUMBIA — Consumers all over the world can expect to pay more for food in coming years.

The Economic Research Service of the U.S. Department of Agriculture expects prices to rise another 4 percent this year. If the projected increase for 2008 proves true, consumers will see the highest increase in food prices since 1990.

With commodity prices hitting record levels and energy costs increasing, retailers must make up for the difference in the form of higher food costs.

Read the rest:
http://www.columbiamissourian.com/stories/2008/
01/09/food-prices-expected-rise/