food prices going up

Your Summer Forecast: High Temperatures, Higher Food Prices

That unrelenting sun that's been scorching your lawn and straining your air conditioner? It's about to send your grocery bill soaring too. Record-breaking heat and reduced rainfall are wreaking havoc on the corn crop -- and corn goes into practically everything we eat.

Food and Gas Cost More in September

Consumers paid more for food and gas last month, although inflation outside those volatile categories was tame. The Labor Department says the Consumer Price Index rose 0.3% in September, below August's 0.4% rise. Excluding food and energy, so-called core prices increased 0.1%, the smallest rise since March.

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.

Nine Reasons Investors Are Nervous Now

Despite a steady six-month rally, lots of investors still haven't jumped back into equities. While plenty of official economic reports say things are getting better, these investors are following other signs -- often closer to home -- that say beware.

A Little Inflation Isn't Slowing Down General Mills

Dire warnings about higher prices notwithstanding, not everyone in the consumer-staple sector expects to be a sorry victim of inflation. Count General Mills among those who aren't afraid of the inflation bogey. It has been raising prices, and analysts are applauding.

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.

McDonald's Raises Prices in China on Higher Costs

McDonald's Corp. (MCD) raised the prices of some of the items on its menu in Chinese stores because of higher costs. The increase "is because of higher raw material prices and we've adjusted our prices accordingly," Sophia Luan, spokeswoman for McDonald's China, told Dow Jones Newswires.

Rising Corn Prices Will Soon Mean Fatter Meat Prices

The price of corn has shot up 8% during the week of Oct. 11 alone, bringing the total rise to close to 50% in the last three months. As farmers cull herds to save feed costs, meat supplies will shrink -- and the price of hamburger and pork chops will be rising.

World Population Growth: Time to Invest in Agriculture

As the Russian wheat shortage sends food prices soaring, investors should note that such stories are going to become only more common as the developing world expands. For this and other reasons, the agriculture sector is worth considering.

Wheat Rises as Russia Extends Ban, Mozambique Strike Continues

Wheat prices rose after Russia extended an export ban on grains and high food prices prompted a strike in Mozambique. Wheat for December delivery rose as high as $7.2475 a bushel in Chicago trading, Bloomberg News reported. Russia, crippled by drought and wildfires in crop-growing areas, said Thursday that its ban on grain exports would last until after the next harvest.