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IPFS News Link • Economy - Economics USA

Why Are Food Prices Going Up So Rapidly?

• http://theeconomiccollapseblog.com by Michael Snyd

Unfortunately, global wages are not rising nearly as quickly as global food prices are, and so this has pushed millions and millions more people into poverty and hunger.  Here in the United States, nobody is currently in danger of starving to death, but many Americans have been getting a severe case of sticker shock when they go to the grocery store.  Not since the Jimmy Carter era of the 1970s have we seen prices escalate like this, and people are starting to get angry.

Since the beginning of the pandemic, global food supplies have been getting tighter and tighter.  When I first started writing about this, certain individuals derisively dismissed what I had to say, but now the truth is becoming apparent to everyone.

Very tight supplies and growing demand have pushed global food prices 32.9 percent higher over the past year…


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