Food Prices Skyrocket

April 24, 2008 12:00:00 AM PDT
Soaring food prices are now just being felt by Americans at the checkout counter.The two biggest U.S. warehouse retail chains, Sam's Club and Costco, are limiting how much rice customers can buy. They say it's due to record high rice prices around the world.

But the global food crisis is already hurting our most vulnerable citizens. At food banks across the country, the growing price of food is contributing to empty shelves and people being turned away.

And in our nation's schools, nearly 31-million children get free or reduced lunches. But meal prices could go up. School administrators and parents are now trying juggle budgets to feed kids.

The U.S. Department of Agriculture says food prices went up 4% last year and could go up by at least that much this year.


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