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October 02, 2007 | Jim Lane | Comments 0

Bureau of Labor Statistics says food price increases in line with historic trendline

A study by the Bureau of Labor Statistics showed that the price increase for milk, cheese, meat, ice cream, eggs and malt beverages in April 2006 with April 2007 was 3.0 percent, vs a 25-year annual inflation rate of 3.0 percent.

The Houston Chronicle, PBS NewsHour and other media outlets have linked biofuels to food price increases, responding to a campaign launched by the American Petroleum Institute and other oil-producer associations.

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Filed Under: Consumers & FleetsResearch

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