Food Costs Reach 30-Year High, Squeezing Americans' Wallets
• Food now takes up 11.3% of Americans' income, the highest level in 30 years • Eating costs are up across restaurants, take-out, and groceries • Cocoa prices hit 46-year high in February • Corn, wheat, and chicken prices have fallen, but offset by increases in sugar, beef, and fries • Economists believe food prices unlikely to stabilize soon