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According to the latest data from the US Bureau of Labor Statistics, the National Consumer Price Index ( CPI ) in November jumped 6.
8% year-on-year, setting a record since 1982.
Among them, food prices rose 6.
1% year-on-year
.
According to the U.
S.
Department of Labor, the price of food and energy has increased over the past year, setting a record for 13 years
.
"Chicken prices are getting more and more outrageous.
Chicken breasts cost US$8 per pound.
Chicken thighs have risen from US$1.
2 a pound to US$3 a pound at Costco (supermarkets), and they are often sold for 5 at local Winco (cheap supermarket chains).
The dollar is a pound
.
” An American living in California complained on social networks
.
Chicken breasts cost US$8 per pound.
Chicken thighs have risen from US$1.
2 a pound to US$3 a pound at Costco (supermarkets), and they are often sold for 5 at local Winco (cheap supermarket chains).
The dollar is a pound
.
” An American living in California complained on social networks
.
In 2021, inflation will always be a lingering trouble in the US economy
.
According to the latest data from the US Bureau of Labor Statistics, the US Consumer Price Index (CPI) jumped 6.
8% year-on-year in November, setting a record since 1982.
Among them, food prices rose 6.
1% year-on-year
.
According to the U.
S.
Department of Labor, the price of food and energy has increased over the past year, setting a record for 13 years
.
.
According to the latest data from the US Bureau of Labor Statistics, the US Consumer Price Index (CPI) jumped 6.
8% year-on-year in November, setting a record since 1982.
Among them, food prices rose 6.
1% year-on-year
.
According to the U.
S.
Department of Labor, the price of food and energy has increased over the past year, setting a record for 13 years
.
Michael Swanson, chief agricultural economist at Wells Fargo Bank, believes that factors such as higher transportation costs and higher storage costs are driving up food prices
.
.
How long will this wave of inflation last?
Peter Berezin, chief global strategist at BCA Research, previously told China Business News that the organization’s basic view is that although inflation is in a structural upward trend, price pressures will ease next year and then rise again
.
.
"Despite the deterioration of consumer sentiment in recent months, consumption has been strong
.
We expect future consumption trends to shift from commodities to services, which will help soften demand-driven inflation
.
" He said
.
.
We expect future consumption trends to shift from commodities to services, which will help soften demand-driven inflation
.
" He said
.
The price of beef has increased by 20% in the past year
According to a report issued by the US Department of Labor in December, the US Food Price Index rose by 0.
7% month-on-month in November, after the previous month-on-month increase of 0.
9% in September and October
.
The “food at home” index, which measures food prices in large grocery stores, increased by 0.
6%, and food prices in the six large supermarkets surveyed have all increased for three consecutive months
.
Among them, the price index of meat, poultry, fish, and eggs increased by 0.
9% month-on-month, and the price of pork increased by 2.
2%
.
The food away from home index, which measures restaurants, also rose 0.
4%
.
7% month-on-month in November, after the previous month-on-month increase of 0.
9% in September and October
.
The “food at home” index, which measures food prices in large grocery stores, increased by 0.
6%, and food prices in the six large supermarkets surveyed have all increased for three consecutive months
.
Among them, the price index of meat, poultry, fish, and eggs increased by 0.
9% month-on-month, and the price of pork increased by 2.
2%
.
The food away from home index, which measures restaurants, also rose 0.
4%
.
From a year-on-year perspective, the issue of food price increases has become more intuitive
.
In the past 12 months, the "family food" index has risen by 6.
4%, the most serious situation since 2008
.
Among them, the prices of meat, poultry, fish, and eggs increased by 12.
8%, while beef was more than 20% more expensive than the same period last year
.
.
In the past 12 months, the "family food" index has risen by 6.
4%, the most serious situation since 2008
.
Among them, the prices of meat, poultry, fish, and eggs increased by 12.
8%, while beef was more than 20% more expensive than the same period last year
.
A user wrote on a social networking site in the United States: "I feel that this price increase is indeed unusual
.
Before, I went to the grocery supermarket and spent $50 a week to get enough food for two weeks
.
Now, I get The food is only enough to last about five days
.
I didn’t buy anything outrageous, such as a lot of soup, bread, frozen vegetables, etc.
I am now a little worried that food prices will not come down
.
"
.
Before, I went to the grocery supermarket and spent $50 a week to get enough food for two weeks
.
Now, I get The food is only enough to last about five days
.
I didn’t buy anything outrageous, such as a lot of soup, bread, frozen vegetables, etc.
I am now a little worried that food prices will not come down
.
"
Some other users have a similar view and said: "In the past, our family used to go to the grocery store to buy necessities for about US$40.
Now it is US$60
.
We have not bought too much, just normal groceries
.
"
Now it is US$60
.
We have not bought too much, just normal groceries
.
"
Another user who lives in Maine also said: "Lobster claw meat was $6.
99 a pound in the grocery store in 2019, and it is now $53.
89
.
"
99 a pound in the grocery store in 2019, and it is now $53.
89
.
"
Swanson said that the impetus to promote food prices has been brewing for some time and will not disappear anytime soon
.
"People feel the shock, but this is actually a slow-motion off-train
.
The terrible thing is that the food company has not passed all the costs on
.
" He said
.
.
"People feel the shock, but this is actually a slow-motion off-train
.
The terrible thing is that the food company has not passed all the costs on
.
" He said
.
Swanson explained that part of the increase in food prices is due to higher transportation and storage costs, as well as rising labor costs at meat processing centers and certain points in the food supply chain
.
.
He gave an example: “The price of refrigerated truck transportation from California to New York before the epidemic was US$2,500 to US$3,000, but now it costs US$10,000
.
Wooden pallets used to transport meat or vegetables used to sell for US$7-9.
It’s $25 to $30 each now
.
"
.
Wooden pallets used to transport meat or vegetables used to sell for US$7-9.
It’s $25 to $30 each now
.
"
The Prairie Dairy Company of Greenwood, Wisconsin, USA recently increased its prices for the first time in four years
.
The company’s president, Trevor Wuethrich, said they had to raise wages in September due to rising cardboard costs, trucking problems and in order to retain well-trained employees
.
.
The company’s president, Trevor Wuethrich, said they had to raise wages in September due to rising cardboard costs, trucking problems and in order to retain well-trained employees
.
10 times the expenditure of Food Bank
The issue of rising food prices has had a more serious impact on low-income families
.
.
Diane Whitmore Schanzenbach, director of the Policy Research Institute of Northwestern University, explained: “The proportion of low-income people spending on food and housing needs is higher.
When prices rise, there is room for hedging in their budgets.
Less, they will soon get into trouble
.
"
When prices rise, there is room for hedging in their budgets.
Less, they will soon get into trouble
.
"
According to US media reports, the trend of lower food price inflation in the past decade has been reversed, and Americans who are accustomed to buying sufficient beef, chicken and fish are now facing challenges
.
More people are buying pasta and beans, and more and more people are seeking help from the U.
S.
Food Bank
.
.
More people are buying pasta and beans, and more and more people are seeking help from the U.
S.
Food Bank
.
Susannah Morgan, chief executive of the Oregon Food Bank, said that in 2020, there were 1.
7 million people seeking assistance, compared with 860,000 in 2019, an increase of 109%
.
The number of people served by the Maui Food Bank in Hawaii more than quadrupled in the early stages of the epidemic, jumping from 13,000 to 60,000 per month
.
7 million people seeking assistance, compared with 860,000 in 2019, an increase of 109%
.
The number of people served by the Maui Food Bank in Hawaii more than quadrupled in the early stages of the epidemic, jumping from 13,000 to 60,000 per month
.
Lauren Lathan Reid, director of communications for the California Food Bank Association, said that most food banks are reporting that the number of people they serve is about twice the number before the epidemic
.
California produces about half of the fruits and vegetables in the United States, but according to the association's data, one in five Californians is threatened by food shortages, the number is about 8 million
.
.
California produces about half of the fruits and vegetables in the United States, but according to the association's data, one in five Californians is threatened by food shortages, the number is about 8 million
.
Maria Houlne, the director of the association’s “Farm-to-Home” program, said that the program is expected to distribute 206 million pounds (about 93,000 tons) of agricultural products this year, an increase of 20% from the 168 million pounds in 2020.
The figure for 2020 will increase by 40% compared to 2019
.
The figure for 2020 will increase by 40% compared to 2019
.
"We are facing a shortage of materials.
The cost of corrugated paper and pallets is very high," Horn also revealed.
"Our transportation costs have risen to 20% to 25% in the third quarter.
We expect that even on holidays.
After the peak season is over, this situation will remain at 15% to 20% into 2022.
"
The cost of corrugated paper and pallets is very high," Horn also revealed.
"Our transportation costs have risen to 20% to 25% in the third quarter.
We expect that even on holidays.
After the peak season is over, this situation will remain at 15% to 20% into 2022.
"
Santiago Food Bank interim CEO Casey Castillo said that before the pandemic, the food bank served 350,000 people every month
.
Since then, the demand has increased to 550,000 per month
.
.
Since then, the demand has increased to 550,000 per month
.
"This number (550,000) has lasted for 12 months, and the demand is huge
.
" He said, "The entire California and the nation's food banks believe that this number may continue to rise after 2022.
"
.
" He said, "The entire California and the nation's food banks believe that this number may continue to rise after 2022.
"
Castillo said that the inflation rate has reached the highest level in more than 30 years, which means that expenditures on food, labor, transportation, fuel and packaging are increasing
.
.
"In fiscal year 2020, we spent more than 14 million U.
S.
dollars on food
.
In normal years, we generally spend 1 million to 2 million U.
S.
dollars.
In 2021, we will spend more than 10 million U.
S.
dollars
.
We expect that in 2022 , we will spend more than $10 million .
Cost 10 million to 12 million US dollars again
.
" Castillo said
.
S.
dollars on food
.
In normal years, we generally spend 1 million to 2 million U.
S.
dollars.
In 2021, we will spend more than 10 million U.
S.
dollars
.
We expect that in 2022 , we will spend more than $10 million .
Cost 10 million to 12 million US dollars again
.
" Castillo said
.
