While gasoline prices continue to rise, it looks like higher food prices are going to be next.
The US Department of Agriculture predicts that retail food prices will rise 3.5% in the US this year. But the Arizona Republic reports that the recent jump in wholesale food prices could be a preview of much higher retail prices.
Arizona Food Marketing Alliance President Tim McCabe says he thinks Arizona food prices could increase between 5 and 6 percent this year. That could beat the 5.5% jump in 2008, the largest increase in almost 20 years.
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