Earlier this month, the rate of inflation — the rate of increase in prices over a given period of time — here in the United States reached a 41-year historic high as consumer goods continue to be impacted by supply chain issues exacerbated by the COVID-19 pandemic, and more recently, by the war in Ukraine. The unique mix of events has caused bills to skyrocket at supermarkets as food costs increase, an issue that isn’t unique to U.S. shoppers — globally, food prices crested at a record 21% increase year-over-year, according to the United Nations’ Food and Agriculture Organization’s (FAO) Food Price Index.
Food prices aren’t uniquely impacted by rising inflation at this time as there are also impacts caused by oil prices, adding financial burden on distributors who pass the cost onto consumers, reports the New York Times. Current labor shortages also play into how the U.S. supply chain network is impacted at this time, making each food item more precious, and more in demand than ever before.
Read more at Goodhousekeeping.com
