Top Story: Food Prices

Grocery at checkout

Trio of factors pushing food
prices higher, economist says

By Steve Leer
​March 17, 2011

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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