Food Price | featured news

The way Americans are chomping Big Macs, lacing up pricey sneakers and gulping peppermint mochas in this economy, you'd think they're taking advantage of big holiday discounts.

The price of food at home is projected to rise by 4 to 5 percent this year, and another 2 to 3 percent next year, according to the Agriculture Department. That’s adding another financial worry for many people already living with tight budgets thanks to the weak economy and high jobless rate.

Global soft-drink seller PepsiCo said that top-line sales were hurt in the second quarter by consumers in developed markets who are cutting out carbonated beverages from their daily budgets.

Higher food prices drag on burrito chain's profits.

For the first time since the recession, Chipotle Mexican Grill Inc. is raising its menu prices in the Northeast and Southeast over the next few weeks, with changes in other markets to follow, the company said.

Americans are finally getting some relief from high gas and food prices. Wholesale food prices fell last month by the most in nearly a year, and gas prices keep dropping after peaking in May. A separate survey suggests CEOs are feeling more optimistic and will hire more in the second half of this year.

Global food prices will remain high and volatile as record food production will only just meet demand, according to the UN.

Left unchecked, climate change aligned with population explosion and low agricultural yields will drastically increase global poverty and hunger over the next two decades, warns the international aid organization Oxfam in a report released today ...

Fluctuating milk prices have long made dairy farming a risky business, and when milk prices crashed in 2002, Chris Lekberg gave up. He sold his cows and bought goats. It turned out to be a wise decision. He now has more than 50 goats, and with growing demand for goat cheese, he gets a steady price for their milk from a nearby cheesemaker.

Consumers paid more for gas and food in April, pushing inflation to its highest level in two and a half years. But so far this month, inflationary pressures have begun to ease.