World Bank: Food Prices at 'Dangerous Levels'

Americans shopping for staples like groceries and clothing this spring are in for a wake-up call at the register – at stores across the country, prices are going up because of events half a world away. The wild weather around the globe has had a far-reaching impact, with droughts and flooding damaging crops and reducing crucial supplies of commodities. "We've had extremely strange weather patterns the world over where many crops have been destroyed," said Diane Swonk, Chief Economist at...Full Story
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