Ever heard of inflation?

Via The Hill:

A new report out Tuesday says climate change might increase the price of Kellogg’s Corn Flakes by 30 percent in the next 15 years.

The Oxfam study draws from the recent slew of reports released by the Obama administration and the United Nations to argue that climate change will hike prices on raw agricultural goods.

Oxfam estimates that changing weather patterns like hurricanes and drought could drive up grain prices, which will hurt the retail price of Kellogg’s Corn Flakes in the U.S. by roughly 30 percent and about 40 percent in the United Kingdom.

The report cites a statement by Kellogg’s to the Carbon Disclosure Project last year in which the company notes the growing risks inflicted by climate change.

Kellogg’s said that could raise prices for both Corn Flakes and Frosted Flakes.