Cheap food may be a thing of the past in U.S.

Americans spend only about 10% of their annual incomes on food, compared with as much as 70% in other countries, but with prices climbing, some economists wonder whether the nation's abundance of affordable food is history.

• On Wednesday, the U.S. Labor Department reported that wholesale food prices jumped 3.9% in February over January, the highest monthly increase in 37 years.
• "Food prices have been rising a lot faster, because underlying costs have really shot up. You're seeing some ingredients up 40%, 50%, 60% over last year,"
• "When you see wheat prices close to 80% up, that's going to ripple out to the public."

read the entire article here http://articles.latimes.com/2011/mar/16/business/la-fi-cheap-food-20110317

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