TODAY's personal finance news and columns. The experienced columnists and reporters at TODAY give you the news you need and advice you trust. By Maureen Groppe, Gannett News Service WASHINGTON — A diverse and complex set of factors — including biofuels production, high oil prices, a week dollar and food consumption rates — are behind the sharply rising cost of food, according to an analysis by Purdue University agricultural economists released Wednesday. The economists predict food prices will remain high as long as oil prices are also high and the dollar is weak. "Lower oil and a strong dollar would bring pressure on commodity prices to fall," said economist Wally Tyner, the report's lead author. He also said the full impact of higher corn and soybean prices haven't shown up in grocery prices yet. The cost of food has...
[read full story]
Your Web Site
