Doesn't Cereal Already Cost Too Much?

The USDA has projected price increases on cereals, soft drinks and other processed foods in the early part of next year. Meats, poultry and dairy products are expected to rise by fall.  "Lack of rain and high heat have affected the U.S. corn crop and corn affects everything," says Sue Perry, assistant editor of ShopSmart, a Consumer Reports publication.
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( File photo / August 2, 2012 )

The USDA has projected price increases on cereals, soft drinks and other processed foods in the early part of next year. Meats, poultry and dairy products are expected to rise by fall. "Lack of rain and high heat have affected the U.S. corn crop and corn affects everything," says Sue Perry, assistant editor of ShopSmart, a Consumer Reports publication.

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