Inside these posts: Commodity prices

Visit our Filed page for categories. To browse by specific topic, see our Inside page. For a list of companies covered on this site, visit our Companies page.

 

USDA warns of food-price shock

U.S. consumers could see food costs spiking to levels seen during the food crisis of 2008 on higher commodity and energy prices, the Agriculture Department said on Thursday.

Food prices are forecast to rise 3.5 percent this year — nearly double the overall inflation rate. The lion’s share of the increase is expected in the second half of 2011, when the recent uptick for commodities, such as corn and soybeans, makes its way through the food system. Just last month, USDA forecast an increase of 2.5 percent in 2011. Get the full story »