While food prices remain elevated and customers look for cheaper deals, supermarkets have begun to limit the discounts they provide and are running fewer promotions. In the third quarter, food and beverage products were sold with a 20.6 percent price reduction on average, which is less than the 25.7 percent discount during 2019, a Wall…
Supermarkets Limiting Discounts Amid Soaring Food Inflation
October 3, 2022
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Business & Marketseconomyfood inflationhigh inflationhigher food pricesinflationlower number of discountspersonal financeUSUS News
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How to Feed a Family of Four Across Seven Days for $200 (+ Recipes)
By Gretchen McKay From Pittsburgh Post-Gazette With grocery prices at record highs, we’ve put together a guide for a week’s worth of healthy meals There’s no getting around this simple and unpalatable fact: It’s pretty stressful to go grocery shopping these days. Thanks to the skyrocketing cost of inflation — which climbed to a 40-year…
MP Calls to Support Canadian Farmers in Pushing Back Against Policies Impacting Farming
A Conservative MP is calling on Canadian consumers to support farmers as the federal government pushes policies to reduce fertilizer emissions, which he said are hurting the farming industry and leading to higher food prices. “Farmers and consumers around the world are pushing back. They’re pushing back against the European Union’s farm-to-fork agenda, which is…
MP Calls on Canadians to Support Farmers in Pushing Back Against Policies Impacting Agriculture
A Conservative MP is calling on Canadian consumers to support farmers as the federal government pushes policies to reduce fertilizer emissions, which he said are hurting the farming industry and leading to higher food prices. “Farmers and consumers around the world are pushing back. They’re pushing back against the European Union’s farm-to-fork agenda, which is…
Red-Hot Inflation Drives Up Prices of Everyday Essentials
July 14, 2022
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Business & Marketseconomic policieseconomyhigh gas priceshigh inflationhigher food pricesinflationUSUS News
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Soaring inflation is pushing up prices of food, energy, and other essential commodities, putting more financial strain on American citizens, with many households spending considerably more of their income on groceries compared to a year ago. The 12-month Consumer Price Index (CPI), a measure of inflation, hit a record 9.1 percent in June, according to…
Global Food Supply Concerns Lead Some Countries to Limit Exports
May 25, 2022
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Business & EconomycommoditieseconomyEuropefood shortage crisishigher food pricesinflationInternationalMarketsRussia ukraine conflictRussia-Ukraine WarWorld
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Facing potential food supply shortages, some countries have adopted policies limiting food exports, raising concerns globally about food supply and exacerbating food inflation woes. Since the beginning of Russia’s war against Ukraine in late February, around 30 nations have taken steps to restrict certain food exports. Ukraine—known as the breadbasket of the world—shut down its…
As Food Prices Soar, Biden Praises American Farmers in Fight Against Inflation
President Joe Biden talked about how American farmers can help in easing global food shortages and fighting inflation during his visit to a farm on May 11. “Right now, America is fighting on two fronts. At home, it’s inflation and rising prices. Abroad, it’s helping Ukrainians defend their democracy and feeding those who are left…
19 Percent of Americans Have Cut Grocery Spending Due to Inflation: Survey
May 5, 2022
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American Consumer Credit CounselingBusiness & Economyconsumer spendingeconomyhigh inflationhigher food pricesinflationUS
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Americans restricted their spending activities in the first quarter of 2022 amidst a rise in inflation according to American Consumer Credit Counseling (ACCC). Over 93 percent of respondents to ACCC’s first quarter Financial Health Index survey admitted that they were impacted by the rising cost of commodities, an April 25 press release said. While 19…
Food Price Inflation Getting Worse, Farming on Idle Land Disallowed Due to Climate Goals: USDA
April 27, 2022
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Business & Economyeconomyfood inflationhigher food pricesinflationUSUS NewsUSDA - U.S. Dept. of Agriculture
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Food price inflation is rising at an alarming rate, with the annual rate en route to be the highest in recent years, according to the U.S. Department of Agriculture (USDA). The Consumer Price Index (CPI) for all food rose by 1 percent from February to March 2022. When compared to March 2021, food prices were…
Why Food Prices Are Expected to Skyrocket
Food shortages and skyrocketing food prices now appear inevitable. The global food price index hit its highest recorded level in March 2022, rising 12.6% in a single month. On average, food prices were one-third higher than in March 2021. In the U.S., food prices rose 9% in 2021, and are predicted to rise another 4.5%…
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