Forget the yeast....
King Arthur addresses the issue on their website:
Although all King Arthur Flour is milled from wheat grown here in North America, where the harvest was plentiful last year, global demand on our domestic supply has forced the price of wheat sky-high. We’re doing all we can to keep the cost of flour down by making our business as efficient as possible, but there’s simply no way for us to absorb entirely the impact of current record-breaking wheat pricesFrom The Herald in SC...
...The U.S. Department of Agriculture reports that a bushel of wheat costs about $8.55 today, compared to $4.75 last March. Additionally, the nation's wheat stock has plummeted to its lowest level since 1947, according to the USDA.From the Latte Times:
The rising cost of doing business isn't limited to wheat. Prices for poultry and dairy products and coffee beans also are on the rise. That can be blamed on a number of factors, such as a slow economy, record fuel prices and lower production. All are bad news for the corner bakery.
....Short supplies have raised the price of wheat worldwide and sparked protests over the cost of tortillas in Mexico and pasta in Italy. In the United States, it's raised the cost of such basic goods as bread, cereal and pizza.Bakers marching on Washington. Wonder if they carried signs tacked onto baguettes.
...The price of bakery and cereal products rose 1.8% in February, the largest monthly increase since January 1975. Overall, the cost of eating at home has risen more than 5% so far this year, the fastest rate since 1990.
...The plight facing small bread makers like Bohbot -- and much larger businesses such as Sara Lee Corp. -- prompted the American Bakers Assn. to hold a protest march in Washington, D.C., last week.