Content about World food price crisis

May 12, 2011

Retail sales rose 0.5% in April after a 0.9% increase in March, the Commerce Department reported Thursday.

Washington, D.C. -- Retail sales rose 0.5% in April after a 0.9% increase in March, the Commerce Department reported Thursday. It was the tenth straight increase and came as consumers spent more on gasoline, clothing and autos in April.

Much of the gain in April, however, came from a surge in gasoline and food prices. Excluding a 2.7% jump in gasoline sales, the increase was a much smaller 0.2%.

Grocery stores sales jumped 1.5% -- triple the March increase. That partly reflected higher food prices.

March 17, 2011

The Labor Department’s Producer Price Index rose last month, primarily due to higher energy costs and the biggest rise in food prices in 36 years, USA Today reported.

New York City -- The Labor Department’s Producer Price Index rose last month, primarily due to higher energy costs and the biggest rise in food prices in 36 years, USA Today reported.

Food prices rose 3.9% last month, the highest increase since November 1974.

The steep rise was due, in large part, to higher vegetable costs, which were up nearly 50%.

August 15, 2010

A survey released Monday by Whole Foods Market found that organic foods are making a...

August 19, 2008

It is no secret that many U.S. government stimulus checks were allocated toward daily expenses,...