Indexology®: Food Price Inflation and El Nino Possibility
July 16, 2014 at 06:30 AM EDT
Food price inflation is increasing sharply in the US. Only last December 2013, food prices were just 1.05% higher than the previous December. As of May 2014, food price inflation was running at 2.46% (year over year) and possibly heading above 4% by late 2014 or early 2015. Now, the Federal Reserve...