January 17: A Predicted 2 Percent Increase in Food Prices Welcome News for 2012, Say CME Professors

Acting CME Dean, Sylvain Charlebois and Prof. Francis Tapon's study entitled Food Index 2012, predicts an average increase of 2 percent in food prices for 2012. Quoted in the Yahoo!Finance article Will food, electronics weight heavily on your wallet in 2012?, the study projects a 3 percent price increase for items such as meat, vegetables and baked goods and a zero increase for other staples, creating a 2 percent average increase. Read full article