Drought leads to sticker-shock at grocery store

Food prices spike as Midwest drought drags on

Published On: Aug 09 2012 06:18:50 PM CDT
HOUSTON -

This year's devastating drought in the Midwest is affecting people in Texas, causing a spike in food prices.

Overall, food prices are up 6 percent.

The nation's drought is killing off crops and causing major problems. The drought has become the largest natural disaster ever, covering 63 percent of the country.

As a result, corn prices spiked almost 23 percent in July. Beef prices have also jumped. They're up 15 percent from two years ago.

While agriculture continues to suffer the most, analysts expect the smallest corn crop in years.