date:Apr 15, 2014
010, food prices have risen by an average of 2.1 per cent a year. Adjusting for inflation, many consumer staple foods, including a large number of fruits and vegetables and bread, are cheaper today than they were 20 or 30 years ago.
This 2.1-per cent annual rise in retail food prices contrasts dramatically with the 1970s when the all-food Consumer Price Index (CPI) increased by an average of 8.1 per cent per year, led by increases of 14.5 and 14.3 per cent in 1973 and 1974. In the 1980s, the al