The cost of most items is soaring, but the most noticeable jump is in the cost of food. Since everyone has to eat to survive, people are now being forced to skimp on or buy lower-quality food in order to get enough.
Healthier foods have always carried a higher price tag. But now that the cost of eating has risen dramatically, people are resorting to cheaper processed foods during a time when they should (because the mainstream media keeps telling us there’s a pandemic raging) be concerned about their health.
Groceries have been on an upward trend all year, and these steady price increases may be the new reality. “We’re going to continue to see price increases, probably for the next two years or so,” said Phil Lempert, an analyst and food trends expert known as the Supermarket Guru. According to Forbes, food prices rose again last month by 0.7%, according to the latest consumer price index, released yesterday. That may not sound like a lot, but it adds up. Over the past year, prices for groceries and other food prepared at home increased 2.6%.
And it is a lot considering what that static takes into account. In May 2021, food prices were 39.7% higher than they were in May 2020, says the Food and Agriculture Organization. That is if they can even find the same foods. Shortages are becoming noticeable as well and that is also expected to worsen throughout the year. Did anyone get a 39.7% raise this year?
Stock up now. Prices will not be lower than they are at this point and we all need to brace for the ugly truth: shortages are getting worse too.
This issue will compound the problem of food scarcity and people will become rabid if they cannot eat, especially in the United States.
The failing crops and unique weather situations have also played a role in this crisis that could end up in utter chaos.
Stay aware and take notice at your store. Stock up a few extra items when you can.