Industry insiders and experts are predicting double-digit percentage price hikes on certain food and consumer goods in 2022, continuing the current trend of a rising cost of living. Canadians can expect to see a minimum 20 percent price increase on groceries and essential products, such as food, toilet paper, pharmaceuticals, home building materials, and gasoline…
Industry Insiders Predict Double-Digit Price Hikes on Food and Consumer Goods
Canadians Change Eating Habits as Food Prices Rise
Rising food prices have caught the attention of Canadians, leading to less meat consumption and a more careful approach to shopping. Meanwhile, one academic says Statistics Canada may be underestimating how much food inflation has taken place. Even if Statistics Canada’s estimates are on the conservative side, the increase is still substantial. The agency reports…
Biden Admin Spars With Food Processors Over Rising Meat Prices
September 8, 2021
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Business & EconomyDepartment of AgricultureExecutive Branchfood pricesfood processingPoliticsUSUS News
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The Biden Administration is pointing to corporate consolidation as the reason for the rising costs Americans are paying for food, but Tyson Foods, the nation’s largest meat processing company, says it rejects this assessment. A report released by the White House on Wednesday said that about half of the added expenses that consumers have paid…
Global Food Prices Rise 40 Percent, China’s Surging Food Demand a Big Factor
June 24, 2021
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ChinaChina Business & Economychina food inflationfood crisisfood importfood pricesInternationalWorld
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Global food prices have risen for the twelfth month in a row, (39.7 percent in May from a year earlier), the highest since September 2011, according to the latest figures from the UN Food and Agriculture Organization (FAO). There are concerns that China, the world’s largest food importer, will face a food crisis. According to…
China’s Food Prices Skyrocket as CCP Virus Outbreak Spreads to More Regions
Chinese authorities locked down more cities on Jan. 18 in an effort to curb the spread of the CCP virus. Several others were upgraded from medium to high-risk for virus spread—meaning residents were required to take nucleic acid tests for COVID-19, the disease caused by the (Chinese Communist Party) virus. Meanwhile, food prices have skyrocketed,…
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