Rising Food Prices

Don't forget currency devaluation as another big reason. Inflation is everywhere despite headlines suggesting otherwise. CRB foodstuffs relative to all spot commodities remains well below the 2001 and 2008 “hot money” extremes. 2011 could very well be a year of rising grocery bills.

Gold and CRBFood to CRBSpot Ratio:


Headline: "Nowhere to Hide" from Rising Food Prices

Don't look now, but inflation is expected to hit food hard this year.

"Corn is a big one" in the higher prices department, Bloomberg Businessweek Assistant Managing Editor Sheelah Kolhatkar told "Early Show on Saturday Morning" co-anchor Betty Nguyen. "The Agriculture Department released a report a couple of days ago about crop forecasts for the year and predicted corn production is going to go down very significantly, which led to a spike in prices."

Source: cbsnews.com