Food Prices: Economists

Drought Conditions Dept: TORONTO - Food prices may grow by as much as four per cent next year, economists predict, as drought conditions in the U.S. are expected to inflate the cost of everything from pork to cereal, according to Winnipeg Free Press. "Growth there is slowing, so we would have expected a bit of moderation in commodity and food prices, but because of the drought it looks like we'll be getting another wave," said Ferley and produces is shown in a Breakeyville, Que. grocery store. THE CANADIAN PRESS/Jacques Boissinot RBC economist Paul Ferley says the increases will be similar to those seen in 2011, when demand from emerging economies like China and India pushed food prices higher. (www.immigrantscanada.com). As reported in the news.