food prices 2011

Why Beef Is So Pricey -- and How to Pay Less

Beef prices have bulked up so much that thieves are starting to steal it. Consumers might feel like they're getting robbed, too, at the checkout stands. Several factors -- including high cattle feed prices -- mean the prices could continue to climb. Here's how to spend less cash on cows.

Why Global Food Price Inflation Really Matters

Fed Chairman Ben Bernanke insists that inflation remains "quite low." That's true, unless you need to eat. Core inflation doesn't take food prices into account, but those critical food prices are soaring around the globe. In fact, the U.N.'s Food and Agriculture Organization says its closely watched food price index hit its highest level ever in January.

Food Prices Jumped to Record High in December

Food prices rose to a record high last month, overtaking even the levels seen during the 2007-2008 food crisis. The UN Food and Agricultural Organisation said its food price index rose to 214.7 points last month, an increase of almost 4.2% from November, according to The Financial Times. The index tracks the wholesale cost of commodities including wheat, corn and meats.