5 reasons cooking oils may get more expensive (CBS 42) 

As food prices rise across the world, the stuff used to cook some of our favorite foods is also poised to get a little pricier. The prices of vegetable oil, for example, hit an all-time high in February and then again in March, Associated Press reports.

Globally, food prices overall also hit their highest-ever point in March, according to CNN. The Food and Agriculture Organization of the United Nations measured a 33.6% increase on one basket of basic food items from last year.