News flash: Food is expensive! Food prices were up 10.8% for the year ended April 2022, the largest 12-month increase since November 1980. The average family now spends about 10% of their household income buying groceries — nearly $7,000 a year! And even while the price of food keeps going up, average wages are not…
Capitol Report (July 12): Lowering Food Prices, Protecting Farmland; US Kills High-Level ISIS Commander
July 12, 2022
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Capitol ReportCCPChinaEpochTVfarmworkersfood pricesHeritageIsraelJames Webb Space TelescopeJill BidenJoe BidenNASANational SecuritySaudi ArabiaStarbucksUSUS News
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President Joe Biden is heading to the Middle East Tuesday night. The White House says he wants to help bring Israel and Saudi Arabia closer together. House Republicans are calling for legislation to boost legal farmworker immigration, saying it’ll lower food prices. How much will it help, and what do lawmakers tell us about efforts…
Food Inflation Soars to Highest Level Since 1980, With More Pain to Come, Producers Warn
June 30, 2022
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Business & Marketseconomic policieseconomyfood pricesGroceriesinflationpersonal financerecessionUSUS News
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Food prices in the United States shot up in May at their fastest annual pace in 42 years, according to new government data, with some food producers warning American households to brace for more inflationary pain ahead as some input costs have yet to be reflected in grocery store prices. The food component of the…
[Premiering 6/8 at 1PM ET]Price of Food in America Is Set to Spike in the Fall: Goya CEO on Looming Food Crisis
In order to get an idea of how bad an effect inflation, fertilizer shortages, the spike in gas price, and the Russia-Ukraine war will have on America’s food supply, we spoke with Robert Unanue, CEO of Goya Foods. And while he is optimistic that Americans will continue to have food to eat, the price of…
Price of Food in America Set to Spike in the Fall: Goya CEO on Looming Food Crisis
In order to get an idea of how bad an effect inflation, fertilizer shortages, the spike in gas price, and the Russia-Ukraine war will have on America’s food supply, we spoke with Robert Unanue, CEO of Goya Foods. And while he is optimistic that Americans will continue to have food to eat, the price of…
Food Price Rises Caused by Ukraine War ‘Major Worry’ for World: Bank of England Governor
May 17, 2022
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Andrew BaileyBank of EnglandBusiness & EconomyeconomyEuropefood pricesinflationRussia-Ukraine WarRussian Invasion of UkraineUKWorld
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The potential for further food price rises is a “major worry” for the UK and the developing world, the governor of the Bank of England, the UK’s central bank, has warned. Appearing before the Treasury Select Committee of the House of Commons on May 16, Andrew Bailey said that the Russian invasion of Ukraine has…
Capitol Report (May 11): Democrats Abortion Bill in Senate Fails; $40 Billion for Ukraine on the Way
A bill to codify abortion rights has failed in the Senate. But some Democrats are proposing to change the rules to overcome blockage by Republicans. What’s coming next? The culture wars are heating up before the midterms. Author of children’s book “Little Lives Matter” Elizabeth Johnston joins us to discuss. House Republicans took a stab…
German Inflation Hits Record High at 7.4 Percent, Driven by Price Increases in Food and Energy
Inflation levels in Germany reached their highest level in more than 40 years in April 2022, according to figures released on May 11 by the country’s Federal Statistical Office, also known as Destatis. Annual inflation grew 0.1 percentage point to 7.4 percent, up from 7.3 percent in March, marking the second month in a row of record…
Food Prices Stuck Near Record Highs as Supply Woes Continue: UN Agency
Food prices remained elevated in April, barely easing from March’s record highs and posing challenges to food security amid ongoing market tightness, according to a UN agency. The Food and Agriculture Organization of the United Nations (FAO) said that its food price index, which tracks the most globally traded commodities, retreated by 1.2 points over…
To Fight Inflation, Take Down Food Expenses
Like many shoppers, I’ve noticed my grocery bill getting bigger each week. To compensate for my family’s busy schedule, I’d also been turning to shortcuts like prepackaged snacks and meal kits, which further added to our total bill. To counteract these pressures, I applied all my go-to savings tricks: opting in to my grocery store’s…
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