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Food Prices Rising

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The Labor Department said today inflation was tame last month - it rose only one tenth of one percent. But food prices went up four times that much (.04 percent), the largest increase in nearly two and a half years. And ABC News reports: that could be just the beginning, as some forecasters say the prices could go up as much as three and a half percent this year.  That would be the largest increase the cost of food since 2011 and the result of years of drought in places like Texas and California, hurting crops, and making livestock feed more expensive. Same story with coffee in Brazil. Still, this isn't as bad as the price hikes we saw in 2008, and decent weather this summer could make the rest of this year better.


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