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Food Costs Climbing Rapidly

PHILADELPHIA (CBS) – The cost of food is way up this year and if the trend continues we could see the biggest annual increase in three decades.

The National Restaurant Association says wholesale food prices are on track to increase nearly eight percent this year. The trend is having an impact at grocery stores, where prices have leaped more than six percent in the 12 months ending in September. Naturally, consumers are feeling the pinch.

“I don’t understand why the prices are so high,” one woman groaned. “There’s plenty of land to grow plenty of food.”

Major food companies are trying to offset those higher prices in part by shrinking their products, something that hasn’t gone unnoticed by consumers.

“I see that, like with orange juice. Different products. And you’re still paying the same but for less.”

What’s driving up the prices? The weather, according to industry experts, who say floods, droughts and frosts have hammered world crops.

Reported by Paul Kurtz, KYW Newsradio 1060

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  • Common Sense!

    What does Obama have to do with food prices and the weather? Does he control storms, heat, drought, and frost? Property values are Obama’s fault also? If it rains, is that his fault as well? You’re blaming stuff on Obama that have NOTHING to do with him, or that haven’t even gone into effect yet. You must be a Tea Bagger. I suppose Bush was perfect. And Ted is right – junk food is cheap, processed food is cheap, and then obesity and chronic illnesses take their toll on the health care system and the prices for health care keep going up, up, up – endless cycle. But I suppose that is Obama’s fault also. Let’s use some common sense here. Easy to blame him but he didn’t cause the system failure – started a long time ago – we’re just seeing the system collapse now and the weather is doing what weather does. Can’t control the weather!! (The military has tried, with a little success.)

  • Jesher Spelling

    Food prices up – Check
    Gas & Home heating prices up – Check
    Property values in the toilet – check
    Health insurance up – Check

    welcome to the Obama nation – how is this man and his policies so great?! We are NOT better off under Obama – we’re worse off – and we’re SICK of his lies and umpteen vacations and his spend-a-holic wife of his.

  • Ted

    Whats worse is that junk food is ten times cheaper than healthy food due to taxpayer subsidies the manufactures get.

    Your tax dollars are literally subsidizing obesity and diabetes.

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