NPR logo

Rising Food Costs Threatens Inflation

  • Download
  • <iframe src="https://www.npr.org/player/embed/17307581/17307550" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript
Rising Food Costs Threatens Inflation

Economy

Rising Food Costs Threatens Inflation

Rising Food Costs Threatens Inflation

  • Download
  • <iframe src="https://www.npr.org/player/embed/17307581/17307550" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

As consumers digest higher energy prices, it looks like rising food costs will also cut into household budgets. Grain prices are soaring. Wheat prices have jumped to an all-time high of more than $10 a bushel. Corn and rice prices are up, and soybeans are the highest in more than three decades. The cause is strong global demand, and a falling supply of some grains. Economists also worry this will add to overall global inflation.