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Sustenance prices are on the rise both in the U.S. and internationally because of bad weather and rising oil prices, but products we use at home including detergents are spiking as well.
The UN's Nourishment and Agriculture Organization said its price index rose 1 percent from January to February, after rising almost 2 percent in January. The packaged chow giant Kraft Foods, for example, raised prices 7.6 percent worldwide in the fourth home of 2011.
Speculation is blamed for part of the increase in food prices, placing poorer countries more at chance of social unrest, Wired Magazine reported.
The U.S. Consumer Evaluation index (CPI) for all urban consumers increased 0.2 percent in January on a seasonally adjusted foundation, the Bureau of Labor Statistics reported Feb. 17. Over the last year, the eats index rose 4.4 percent.
Higher oil prices add to the charge of producing and transporting food and consumer staples. Oil rose for the marred day on Thursday as Iran, the second-biggest OPEC producer, cut drama after the U.S. and European nations imposed sanctions on the country related to its atomic program.
Source: ABC News