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Behind the Food Crisis: Rising Expenses Only Part of the Problem

Posted on June 30, 2008

(Image credit: www.apartmenttherapy.com/)What gives with food prices? I m tired of paying through the nose for something as basic as an apple.Many people cite increased transportation costs and farming expenses for the increase. I buy that argument as a part of the explanation. But rising costs simply don t account for all the markup. After all, as Tim Hartford points out in an FT column explaining why it s a good time to be a teenager, clothes, trainers, computer games, iPods, DVDs and even illegal drugs are all falling in price. Trainers are still subject to transportation and mat...

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inflation