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Food price increases in 2009
Updated On: Nov 14, 2008 (10:22:00)

"Steep Food Price Increases on Way: Experts," November 6, 2008. Reuters.

"U.S. food prices will rise by at least 7 percent in 2009 because of higher feed costs for chickens, hogs and cattle, said a group of food-industry economists on Thursday.

It would be the third year in a row that food prices rose faster than the overall U.S. inflation rate. Food inflation is the highest since 1990.

 "The sizable increase in the cost of producing food has not been fully passed on to the consumer," said private consultant Bill Lapp. He foresaw food inflation of 7 percent-9 percent in 2009...."






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