Almost a quarter of Canadians are buying less food as they struggle to keep pace with higher food prices due to inflation, says a new report by a food research lab. In a study to understand how rising inflation has impacted Canadians, Agri-Food Analytics Lab (AAL) at Dalhousie University found that 23.6 percent of Canadians…
24 Percent of Canadians Are Buying Less Food Due to Rising Inflation: Report
UK Consumer Confidence Plummets Amid Soaring Cost of Living
Confidence among UK consumers has declined sharply as British households come under increasing pressure amid the cost-of-living crisis, a new survey has revealed. The Consumer Confidence Index from YouGov and the Centre for Economics and Business Research (CEBR) fell by 4.2 points in August from 103.0 to 98.8, the largest decline since the early stages…
Falling Fuel Prices Push UK Inflation Below 10 Percent, but Food Costs Keep Rising
The UK’s inflation rate has fallen for the first time in nearly a year owing to a drop in fuel prices, though it remains close to its 40-year record and food prices keep rising. According to the Office for National Statistics (ONS), the UK’s Consumer Prices Index (CPI) rose by 9.9 percent in the 12…
These Are the Cities Where Inflation Is Rising the Most
September 13, 2022
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As Americans deal with decades-high inflation, some regions of the country have been hit harder than others, such as the Arizona cities of Phoenix, Mesa, and Scottsdale; the Florida cities of Tampa, St. Petersburg, and Clearwater; and the Texas cities of Dallas, Fort Worth, and Arlington, according to official numbers released by the U.S. Bureau…
What’s Happening With Farmers and Food Prices
Civilization has long depended on farmers to bring food to the table, but that’s not all farmers provide. Many people want farmers to grow crops like soybeans, to contribute to environmentally friendly plastics, fuels, etc. But with harsh weather conditions, high fuel prices, and increased fertilizer costs, farmers find it more difficult to deliver. When…
Beef Prices Dropped in July as Inflation Pushed Consumers Toward Cheaper Meats or Poultry
Beef prices are declining for now, bringing some relief to American consumers who appear to be lately favoring cheaper sources of protein like chicken, as inflation started to spike months ago. Consumer demand had been trending towards cheaper cuts of meat or other sources of protein like poultry. The average price of steak is typically among the more expensive…
Buy Groceries With These ‘Hacks’ and Save
There are excuses from the pandemic and the war in Ukraine to the rising gas costs associated with inflation, but the bottom line is that food prices are up: 10.4 percent year over year from June 2021 to June 2022. You might feel you need to take out a second mortgage to go grocery shopping,…
China’s Grain Hoarding Contributes to the Rising Cost of Food
Commentary “The food of the Chinese people must be made by and remain in the hands of the Chinese people.” —President Xi Jinping Global grain-trading strategies are currently in motion, thereby driving up food costs, while many profit at the expense of others. One reason food costs are rising is China. China is stockpiling food…
Nestlé Reports Global Price Hikes in Recent Half-Year Results
Nestlé released the report of its half-year results for 2022 on Thursday, revealing that the company raised prices by twice as much in the United States as it did in Europe, as inflation continues to accelerate in both markets. The Swiss conglomerate, which reigns as the largest food and beverage processing company in the world,…
Billionaire CEO Warns About Food Prices, Shortages, Expects Peak Prices in September
As fuel prices remain high and the U.S. annual inflation rate reached its highest level in decades, a billionaire CEO warned that Americans should be more concerned with rising food prices. In an interview with Fox Business, United Refining Company and Gristedes CEO John Catsimatidis uttered similar worries as BlackRock CEO Larry Fink, who recently cautioned…
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