KITCHEN TABLE TROUBLES: Food prices surge over 10% amid soaring inflation
in the labor market, fuel costs, droughts and other natural disasters in key markets where wheat and corn are sourced. Those factors drive up the costs of products that rely on those items as well as the cost of animal feed, according to Cullen.
Meredith Wilson, chief executive officer of strategic intelligence and advisory firm Emergent Risk International, told FOX Business that food price inflation, which piggybacks on energy price inflation, is hitting families particularly hard because costs accumulate with each step along the supply chain.
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