Tag: food prices

Food Prices Making Even the Basics a Luxury

Grocery prices are on the rise and as odd as it may seem this could be the perfect opportunity for Americans to reassess their diets and come up with healthier alternatives to animal products laden with saturated fats and processed foods full of sugar, sodium and preservatives.

Foods like beans, legumes, whole grain rice, pasta and seasonal fruits and vegetables can be cheaper and stretched further than pre-packaged convenience foods.

The price of food at home is projected to rise by 4 to 5 percent this year, and another 2 to 3 percent next year, according to the Agriculture Department. That’s adding another financial worry for many people already living with tight budgets thanks to the weak economy and high jobless rate.
The percentage of people who say they had enough money to buy food in the last 12 months fell to its lowest level in three years, according to a Gallup poll released this month.

Volatile Food Prices Are In Our Future

It is no surprise to many around the world that raising food prices are on the horizon.

Social unrest instigated by rising food costs is predicted to continue all over the world.

“Food price volatility featuring high prices is likely to continue and possibly increase,” the Food and Agriculture Organization, the World Food Program and the International Fund for Agricultural Development said in the joint report.

“Demand from consumers in rapidly growing economies will increase, population continues to grow, and further growth in biofuels (displacing food crops) will place additional demands on the food system.”

The report said that poor farmers and consumers in small importer countries, particularly in Africa, would be more vulnerable to shortages as a result.

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