It’s no surprise that consumer prices are rising — the prices of commodities from corn to cotton to copper are near record levels, thanks to shrinking supplies and rising demand worldwide. The question is whether the Fed will …
Wheat prices reached their highest prices in more than two years after a United Nations agency warned that China may face a wheat-supply shortage because of a recent drought, The Wall Street Journal reported.
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Ben Bernanke insists that inflation remains “quite low.” That’s true, unless you need to eat. Core inflation doesn’t include food prices, and they’re soaring around the globe. In fact, the U.N.’s Food and Agriculture Organizati…
Sugar prices hit three-decade highs of almost 36 cent a pound Wednesday due to the anticipated effects of the monstrous category 5 cyclone that just hit Australia, the world’s third-largest sugar producer, which was already suf…
McDonald’s boosted its profit last year with the launch of new beverages and expansion in emerging markets. Can it keep up the growth this year as food prices rise? Chief Financial Officer Peter Bensen discusses the fast-food g…