Rising Food Costs Threatens Inflation

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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.



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