Your grocery bill probably feels like it finally caught its breath. Groceries rose just 2.7% over the past year — downright tame by recent standards. Enjoy it while it lasts.
Because something ugly happened in the commodity markets last month, and it’s pointed straight at your shopping cart.
In August, the raw ingredients in your food — corn, wheat, sugar, soybeans — posted their biggest one-month price jump since 2012.
Here’s the catch. You won’t feel it at the register today. Food companies buy ingredients months ahead, so today’s spike doesn’t hit shelves until later.
I’ve watched this movie before. Let me walk you through the six forces…
Read the full article at MONEYTALKSNEWS.COM
