Wednesday, February 9, 2011

Food inflation isn't in every grocery aisle - Fortune Finance

Read full article for information on dairy and meat... and what is expected to happen! If you ahve been to the grocery store just this month you have already seen a bunch of price hikes!
Food inflation isn't in every grocery aisle - Fortune Finance: "Food prices rose in January for the seventh month in a row, according to the U.N. Food and Agriculture Organization. Its monthly food price index rose to 231 points, up 3.4% from December 2010 and the highest level since the index started tracking prices in 1990.

Prices are forecast to go even higher later this year. But while the increase so far has been driven by higher global prices for cereal, sugar and vegetable oils, not all prices have surged. A few unlikely staples have either seen price declines, have held steady, or are still below their recent peaks.

Here are a few areas of the grocery store where you might not feel such a shock -- yet:


It's one of the most important staple foods for a large segment of the world's human population. And next to corn, it's the grain that's most widely produced in the world. But unlike corn, which saw a 4% jump in global prices during the month of January, export prices for rice actually declined by some 4% during the same period, according to the UN. This followed impro"

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