Higher Prices at Checkout?

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Going to the grocery store is going to get even more expensive. That's the warning from the food industry, government officials and retailers.

The higher prices come after food companies began paying higher prices for basic necessities like corn, soybeans and wheat.

Pam Weeks, runs a bakery in New York City.

"You try to figure out ways to cope, but it's to the point now where we are going to have no choice," she said. "We're going to have to raise prices."

The rapidly-growing economies in Asian markets sucg as China and India need more and more grain, but America's supply of wheat is at a 60-year low.

Farmers are planting less wheat and using their ground for corn in an effort to meet the demand for ethanol as an alternative to rising oil prices.

All that leads to higher food prices.

"As long as this strong foreign demand continues, as long as the demand for ethanol continues very rapidly, there just doesn't seem to be any end in sight," Vic Lespinasse, grain analyst for the Illinois Grain Borkerage, said.

The higher food prices are another blow for American consumers, who have spent the last several years adjusting to rising energy prices.

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