Federal forecasters today estimated that retail food prices will rise as much as 3.5 percent this year — the biggest annual increase in three years — as drought in parts of the U.S. and other regions drives up prices for many agricultural goods, the Wall Street Journal reports.
For reprint and licensing requests for this article, CLICK HERE.
Stories You May Also Be Interested In
- More Big Drug Company Deals Emerge
- Appeals Court Revives Fed Rule on Debit Cards
- Spilker Steps Down as Apollo Global President
- WellPoint Raises Earnings Outlook
- King Digital Says New Mobile Games Boosted Sales
- Yellen Silent on Rate Hike Timetable
- Office Depot to Close 400 U.S. Stores
- Boeing's Profit Slides on Pension Costs