Food Prices Predicted to Rise at Faster Pace

Summary


Food inflation will "accelerate" during the final months of this year and into the first six months of next year, especially for meat, cereal and dairy products, the U.S. Agriculture Department said Monday.

U.S. food companies already have started to raise prices to blunt price spikes for a number of commodities, including corn, wheat and coffee.

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Extract


Food Prices Predicted to Rise at Faster Pace

"Although inflation has been relatively weak for most of 2009 and 2010, higher food commodity and ener...

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