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Food price inflation gaining speed

Everything from soup to nuts (well, meat, fruit and veg) will be seeing price increases. Watch the latest Undercover Secrets and learn the reasons why.

By Smart Spending Editor May 13, 2013 4:32PM
Who says there's no inflation? Food prices are expected to rise as much as 4% this year, according to Kiplinger's Personal Finance magazine, meaning household budgets will be eating the difference.

That is faster than 2012's food inflation rate, driven higher by the rising cost of beef, pork, chicken, fruits and other staples. Take a look at our latest Undercover Secrets video to learn the skinny on what's going on with food prices this year.



9Comments
May 13, 2013 10:37PM
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I don't know about futures as it shows on a graph. I can tell you that the REAL future for meat and grain is bleak. I have a farm, and we have to slaughter our own meat and grow our own vegetables just to survive. For a young farmer to purchase land, any equipment and implements needed, they'll  never get out of debt. Factor in a few bad seasons due to weather, and forget it. The bank is coming for your land and house. As a kid when driving to my grandparents, we'd see nothing but hay pastures, cows, and corn. Now, it's fancy white flagstone houses on 10-15 acres, all owned by folks who made their money in the big city, and retired to the country..........not a cow or field in sight during the 40 minute trip to the family reunion. What is happening is a double-whammy. With population growth we need more food, but the people are buying up what used to be farm land. So, more people strain supplies, and less farm land strains supplies. Futures? What does your crystal ball say about 10 yrs from now?
May 14, 2013 4:08AM
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Well No Chit...!!!

What do you expect when the FED is printing funny money 7/24...?

ALL prices are increasing...While American salaries are flat, Many of them near minimum wage, more people working part time jobs and many folks hours are being cut to 32 and below per week...But wait till oblamocare kicks in..lol...

You ain't seem Nothing yet Americans..!! Let the FUN begin..!!!

May 13, 2013 9:41PM
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Looking at grain and meat futures I just don't see any market justification right now for the rise we are seeing in food prices.
May 14, 2013 12:25PM
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As more & more Americans find themselves on the threshold of poverty or already living below the poverty line we need to demand an answer from our elected officials. Why are they allowing this to happen? Corporations are posting record profits while workers wages remain at an all time low, underemployment and unemployment are contributing to a rising rate of enforced poverty across the country. A simple solution would be to put people back to work earning a liveable wage before the majority of Americans find themselves homeless and starving in the streets.

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