This chart says it all! One of the best-performing assets so far in 2014 is food. As the chart above shows, foodstuff is up 19% so far this year. This is largely the result of weather conditions over the past year, with severe winter weather in the East and a drought in California being the major contributors. If your wallet has been especially squeezed recently, this could be the reason why.
According to the U.S. Agriculture Department, consumers may want to get used to the squeeze, as record-high food prices are here to stay, at least for a while.