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Treasury Secretary Yellen: Here's why food prices are rising

Rising grocery prices have been putting significant strain on consumer budgets. US Treasury Secretary Janet Yellen shared her view on rising food prices and agricultural investment in an exclusive interview with Yahoo Finance's Jennifer Schonberger. Yellen says the rise in food prices stems from increases in costs, such as higher labor costs, though she does note "there may be some increases in margins." However, Yellen does not see a need for government intervention in the agricultural sector, stating, "I would be reluctant to agree that we should be involved in subsidizing agriculture." Watch Yahoo Finance's full interview with US Secretary of the Treasury Janet Yellen here This post was written by Angel Smith