Dairy, Meat Prices to Rise

Food price inflation will return in 2010, led by an increase in milk, beef, pork and chicken prices, according to Michael Swanson, a senior economist at Wells Fargo, in a report for Bloomberg NewsWire. Swanson predicts that food prices could rise as much as 6% next year, and that meat and dairy costs will be affected by rising demand, rising prices for corn and animal feed, and lower supplies,

NEW YORK — Food price inflation will return in 2010, led by an increase in milk, beef, pork and chicken prices, according to Michael Swanson, a senior economist at Wells Fargo, in a report for Bloomberg NewsWire.

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