It's Not Just Gas Climbing
As we head into the spring and summer driving season, prospects for higher gas prices are more likely than not. And while consumers will feel the pain at the pump, they will begin to see it elsewhere as well.
The UN's Food and Agriculture World Food Price Index has bottomed and started to rebound in 2012 after peaking a year ago. While down 7% from the peak, one of the key components -- the meat price index -- has continued to climb and stands 6% higher year on year. But what's more revealing is the steady climb in the overall food index since October, which is up 3% over the last five months with nearly all subcategories up, with the largest increase seen in the oils price index. ...452 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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