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Originally Posted by Usually Lurkin
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CNN: World food prices hit record highs
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World food prices rose to an all-time high in January, according to the UN's Food and Agriculture Organization (FAO).
The FAO's Food Price Index measures the cost of a basket of basic food supplies -- sugar, cereals, dairy, oils and fats and meat -- across the globe.
The index rose by 3.4% in January -- the seventh monthly increase in a row -- to its highest level since records began in 1990.
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Rising commodities costs are one of the major factors behind a growing wave of civil unrest across the Middle East and North Africa.
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CNBC: Clothing prices going up
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The era of falling clothing prices is ending. Clothing prices have dropped for a decade as tame inflation and cheap overseas labor helped hold down costs.
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Cotton has more than doubled in price over the past year, hitting all-time highs. The price of other synthetic fabrics has jumped roughly 50 percent as demand for alternatives and blends has risen.
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This party is just getting started.