Food prices are skyrocketing. Part of the reason why is because, as the world’s population rises, so too has food consumption.
Another reason, at least here in the United States, is because the dollar has slipped in value in recent months.
But one of the primary reasons why prices are climbing so dramatically is because fuel prices have shot up in the past year. Yet even as gas and diesel prices have begun to fall recently, food costs haven’t.
According to fuel price-tracking Web site Gasbuddy.com, prices have slipped nearly 20 cents in the past month, or just over 5 percent. But prices for commodities and some staples like coffee, bacon, fruits, meat, pastas and other items have shot up 40 percent in the past year. Cotton, too, has risen dramatically, making clothing more expensive.