Reports indicate that food prices are going up, again, and this time the weather is getting the blame.
According to CNN Money, it’s not just in the United States that is being squeezed by an increase in the cost of food: It is a global problem. The reason for the increased prices, however, is being tracked back to the U.S.
The monthly Food Price Index released by the United Nations on Aug. 9 had food prices up by 6 percent in July. A major reason given was the grain price -- more specifically the price of corn. The increase in price is reportedly the result of the grain shortage because of the excessive heat and drought conditions in the U.S. this summer.
The food prices in the U.S. have been on the rise and officials aren’t expecting it to get any better. In fact, CNN Money reports, it is likely to get worse.
Have you noticed an increase in what you have to pay at the grocery store checkout recently? If it doesn’t get any better, will it have an impact on your food shopping habits?