Discussion
Food prices ___ again this month.
Answer: C
The sentence reads Food prices have been rising again this month.
'Rise' is intransitive: prices rise by themselves, with no object. The present perfect continuous 'have been rising' describes an increase that began in the past and is still going on, which suits 'again this month'.
'Raise' is transitive and needs an object (shops raise prices), so 'have raised' and 'have been raising' leave the verb without one. 'Have arose' uses the past tense where the past participle is needed; the correct form would be 'have arisen'.
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