Earlier this evening there was a video from the wife of a Wal-Mart Executive that said food prices will double within 2 weeks, but the video was pulled.
I found this posted on
http://www.thewatermanfiles.prepperpodcast.com/
Article linked as source is from USA today - CEO of Wal-Mart
http://www.usatoday.com/money/industries/retail/2011-03-30-wal-mart-ceo-expects-inflation_N.htm
Food Prices To Seriously Rise
U.S. consumers face serious inflation in the months ahead for clothing, food and other products, according to the head of Wal-Marts U.S. operations.
Also on that page is a table of food and commodity increases over the past month, year, and year to date change.
I think it will double but it won’t be in 2 weeks, it will hit after the processing season this summer. Most non-fresh food is from last summer’s pack at last summer’s price.
Wal-Mart CEO Warns Of Serious Inflation In The Coming Months