Higher wheat prices should make farmers like Nicole Berg, the owner of a 21,000 acre farm in Washington state, happy. But the costs of fuel and fertilizer are eating into her profits. “The issue we’re having right now is that input costs are going up even more than the price of wheat,” Berg told CNBC […]
Tag: food prices
US food prices could blow sky-high on account of Russia / Ukraine war
As war continues to ravage Ukraine, Americans, particularly those who live paycheck to paycheck, are beginning to feel the financial squeeze on their food prices from the conflict half a world away. It began with a rapid rise in gas prices. Now, with Russian oil banned in the United States and energy scarcity heightened globally, […]
Grocery Prices Are Falling
In Austin, Texas, Randalls slashed prices for boneless beef ribs by 40 percent, to $3.99 a pound. Not to be outdone, the H-E-B grocer down the street charged $1 a pound less. Not long ago, Albertsons advertised a deal you don’t normally see on your finer cuts of meat: “buy 1 get 1 free” specials […]