U.S. food companies have already started to raise prices to blunt price spikes for a number of commodities, including corn, wheat and coffee.
“Although inflation has been relatively weak for most of 2009 and 2010, higher food commodity and energy prices are now exerting pressure on wholesale and retail food prices,” USDA food economist Ephraim Leibtag said. Read details here.
It's a good time to stock up on sales. If you canned during this past year, pat yourself on the back. You'll have saved yourself some money in the coming new year.
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