food prices

How COVID-19 Effected a Rise in the Price of Food

BPT

Compared to 2019, supermarket operating costs were up 7.9 percent in April 2020 and 6.7 percent in May 2020, according to USDA Economic Research Service. Grocery stores have remained open during the pandemic and have had to quickly adjust to new regulations, safety and sanitation practices, and enhanced customer education — all requiring resources. In addition, some areas of the grocery store, including salad bars and hot bars, have had to shut down, meaning a loss of revenue.

As Food Prices Rise, Dangers of Social Unrest Seem Imminent

Michael T. Klare

The Great Drought of 2012 has yet to come to an end, but we already know that its consequences will be severe. With more than one-half of America’s counties designated as drought disaster areas, the 2012 harvest of corn, soybeans, and other food staples is guaranteed to fall far short of predictions. This, in turn, will boost food prices domestically and abroad, causing increased misery for farmers and low-income Americans and far greater hardship for poor people in countries that rely on imported U.S. grains.

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