Food prices expected to rise next year

 Resize text         Printer-friendly version of this article Printer-friendly version of this article

Retail food prices have been going through a deflationary period for the last year or so, but industry analysts say that trend has reversed. But that doesn’t mean there will be a sharp uptick in prices, including those in the dairy case, in the immediate future. Experts predict about a 1 percent inflation rate for 2010.

However, if the world economy grows as anticipated, those same experts believe that food prices will return to the highs of 2008 over the next decade. That’s because India and China are still experiencing an increase in the middle class, which grows demand for better nutrition and food products.

Full story.

Source: mlive.com



Comments (0) Leave a comment 

Name
e-Mail (required)
Location

Comment:

characters left


5E Series

Introduced in 2013, the new 85 and 100 hp John Deere 5085E and 5100E feature 4-cylinder Interim Tier 4 emissions-compliant ... Read More

View all Products in this segment

View All Buyers Guides

)
Feedback Form
Leads to Insight