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Report: Food prices in biggest jump since 1974

3/17/2011

New York City -- The Labor Department’s Producer Price Index rose last month, primarily due to higher energy costs and the biggest rise in food prices in 36 years, USA Today reported.



Food prices rose 3.9% last month, the highest increase since November 1974.



The steep rise was due, in large part, to higher vegetable costs, which were up nearly 50%.

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