U.S. consumer prices increased 0.4% last month, led by higher prices for food, energy, shelter and tobacco, the U.S. Labor Department reported on March 16.
It is interesting to note that wholesale consumer food prices are 6.8% above year-ago levels. February prices for "crude foodstuffs and feedstuffs" were up 18.8% above year-ago levels. And it seems to indicate that food companies may be more willing to pass higher costs to consumers.
Previous article
