Say "Cheese!"

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If you thought gas prices were high, wait until the dairy prices start to creep up:

The warning from the Government Accountability Office comes as block cheddar cheese reached $1.95 a pound Thursday on the Chicago Mercantile Exchange, up 67 percent from $1.17 a pound a year ago. Industry observers attribute the price surge to strong demand and higher milk prices.

Because cheddar is the benchmark for mozzarella and other cheeses, some big pizza chains, including Yum Brands Inc.'s Pizza Hut and Papa John's International Inc., already have responded by raising prices.

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