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Rising food prices: What are you going without?

by Community Team Posted: March 4, 2011 9:42 AM Last Updated: March 4, 2011 9:58 AM

By CBC News

food.jpgToronto-based food processor George Weston Ltd. served notice Thursday that higher consumer prices are on the way.

The company, which owns baker Weston Foods and retailer Loblaw, said it will increase prices by five per cent as of April 1, in order to pass on rising commodity costs.

Climbing prices of key product ingredients like wheat, sugar and vegetable oil, plus higher transportation costs could have a negative impact of up to $65 million this year, it said, adding that the prices of some of these items have shot up as much as 50 per cent in recent months.

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A United Nations food agency said Thursday that world food prices reached new highs in February.

Have you noticed higher food prices? Are you avoiding certain foods because of their cost? What are you going without?