The Sugar Act of 1934. The Farm Bill of 2008. They're not on the radar of most consumers, but those laws have a big impact on sugar prices, and right now that could mean higher prices for your favorite candy bars.
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.