9 Goods Seeing Sky-High Price Inflation

Palm Oil

While we Americans don’t use a lot of palm oil in our kitchens,  the oil is nevertheless a component in many things we use everyday — from candy bars to biofuel. Prices have soared to a seven-year high as drought has cut into South American crops, and developed nations are seeing a modest economic recovery that has boosted demand.

Experts are predicting a nearly 8% rise in palm oil by mid-April. Though it’s slippery to quantify exactly what that means for a host of products, one thing is clear: Rising prices always get passed on to consumers eventually.