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News Link • Food

Food prices set to explode this winter

Soaring prices threaten new food crisis – Oct-08 Raw materials index soars to two-year high – Oct-08 Wheat and corn rise as Ukraine limits exports – Oct-07 Shortfall drives tin to record high – Oct-05 Food inflation is real, and it is here. A comment from a recent reader’s post: “Just yesterday I compared my receipt from a grocery run to prices I have from the same exact store from September 15, 2009. Bacon? Up 52% to $13.69 from $8.99 for 4 lbs. Butter? Up 73% to $9.99 from $5.79 for 4 lbs. Pure vanilla extract up 14% to $6.79 from $5.95. Chopped dried onions up a mere 2% but minced garlic (wet) was up 32%.”

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