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Commentary Topic from greenfaucet

Food Inflation: What's the Story?

What exactly is food inflation? This term has been tossed around over the last several months, as the price of many food products has risen considerably. By definition, food inflation is exactly what it seems. Consumers are now paying more for inflated food prices. In other words, if your monthly grocery budget was $400 a year ago, you are now likely paying closer to $500-plus, buying exactly the same products.