Contact Us

Energy Prices, Weather, Driving Food Prices Up

Mario Tama/Getty Images

U.S. Agriculture officials suggest you brace yourself for a continued rise in food prices.

“We knew it was on its way. You couldn’t avoid it with the way that commodity prices had been rising, the way that energy prices had been rising.”

USDA Food Price Economist, Ephraim LeiptagĀ  says, after looking at the latest consumer price index, March food prices overall shot up seven tenths of a percent. A pretty big one-month jump, which if that happened every month, he says we’d have food price inflation at almost 8 and half percent. Right now he’s forecasting overall food prices to be 3-4 percent higher than last year-grocery store prices up to 4 and half percent higher.

The question, he says, is how many more months will it be like this.

“Part of that has to do with what happens to commodity markets, do we see some leveling off, maybe some good crops and some good news, maybe some stability in the energy markets, or do we see additional increases.”

Leiptag upgrades his forecast for 2011 food prices this week.

More News from K2 Radio

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your points and personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://k2radio.com using your Facebook account.

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

Register on K2 Radio quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here

Register on K2 Radio quickly by logging in with your Facebook account. It's just as secure, and no password to remember!