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Food prices reach highest level in a decade


MovieMadness
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Food prices reach highest level in a decade

 Food prices hit a 10-year high worldwide, according to the Food and Agriculture Organization of the United Nations (FAO)’s food price index. U.S. companies are feeling the pinch, resorting to increasing prices to offset their costs to purchase goods and deal with labor and transportation problems.

The FAO index measures the monthly change of international prices of five food commodity prices, including cereals, vegetable oil, dairy, meat and sugar.

Overall, FAO index prices have increased by 32.8% over the past 12 months, the highest they’ve been since 2011.

The commodity with the highest increase was vegetable oil, followed by sugar, cereal, meat and dairy, FAO found.

The FAO vegetable oil price index was up 60% this September from last September, followed by sugar, which saw a 53.5% increase over the same time period.

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Prices keep going up because democrats keep adding trillions of dollars to our debt, and that gets passed on down to consumers. The higher taxes will also get passed on down to pay for it all, so expect higher prices to continue. This is what happened in Mexico when they devalued the peso, every day prices went up and the poor are hurt the most.

PS Tent munufacturers will be happy with all the new orders for the homeless.

 

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2 minutes ago, MovieMadness said:

Food prices reach highest level in a decade

 Food prices hit a 10-year high worldwide, according to the Food and Agriculture Organization of the United Nations (FAO)’s food price index. U.S. companies are feeling the pinch, resorting to increasing prices to offset their costs to purchase goods and deal with labor and transportation problems.

The FAO index measures the monthly change of international prices of five food commodity prices, including cereals, vegetable oil, dairy, meat and sugar.

Overall, FAO index prices have increased by 32.8% over the past 12 months, the highest they’ve been since 2011.

The commodity with the highest increase was vegetable oil, followed by sugar, cereal, meat and dairy, FAO found.

The FAO vegetable oil price index was up 60% this September from last September, followed by sugar, which saw a 53.5% increase over the same time period.

*********************************************

Prices keep going up because democrats keep adding trillions of dollars to our debt, and that gets passed on down to consumers. The higher taxes will also get passed on down to pay for it all, so expect higher prices to continue. This is what happened in Mexico when they devalued the peso, every day prices went up and the poor are hurt the most.

PS Tent munufacturers will be happy with all the new orders for the homeless.

 

Still not reading what you post.  More BS propaganda from the anti-American group and your addition doesn't even make sense.

U.S. companies are feeling the pinch, resorting to increasing prices to offset their costs to purchase goods and deal with labor and transportation problems.  Has nothing to do with Pres. Biden or his policies.   NOTE:  Your quote says "labor and transportations problems."

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