Why Are Food Prices Going Up So Rapidly?

For a long time, experts have been warning that inflationary policies would lead to an aggressive jump in global food prices and now this is precisely what consumers are seeing at the grocery stores. Over the past twelve months, food prices rose dramatically. In fact, they faced the acutest increase in decades. But on the other hand, wages haven’t been increasing nearly as quickly as food prices, and this is pushing tens of millions of people into poverty, food insecurity, and hunger. Here, in the United States, the wealthiest country on the entire planet, approximately 24 million Americans don’t have enough to eat and rely on assistance to feed their families every month. Meanwhile, middle-class and low-income workers are now facing a severe case of sticker shock whenever they go to the stores and realize their food budget doesn’t stretch as much as it used to. The last time US consumers have seen prices escalate this high was during the Jimmy Carter era of the 1970s. Needless to say that the latest price hi