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News & Articles By Cassie B.
10/27/2021
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By Cassie B.
Severe drought in South America wreaking havoc on shipping, energy, fishing and drinking water supplies
The effects of the severe ongoing drought in South America can be felt throughout the continent, with the second-longest river there, the Parana River, hitting a 77-year low that is compromising commercial shipping, fishing and the drinking water supply of 30 million people. Paraguay is being especially hard hit. The landlocked nation of seven million […]
10/25/2021
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By Cassie B.
Consumer prices hit 13-year-high in U.S. as inflation worsens
The latest data from the Bureau of Labor statistics shows that consumer prices climbed higher than expected last month while energy and food costs surged. The annual inflation rate hit a 13-year-high last month of 5.4 percent, which exceeds the median estimate of 5.3 percent. Meanwhile, the consumer price index rose by 0.4 percent on […]
10/22/2021
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By Cassie B.
Procter & Gamble exec warns prices of household consumer products will keep rising
As the inflation set in motion by the Biden administration’s economic policies continues to rise, an executive from household goods giant Procter & Gamble has warned consumers that they can expect to see the prices of many common goods go up week after week. The company, which owns brands like Crest, Tide and Gillette, announced […]
10/21/2021
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By Cassie B.
Supermarket chain owner predicts 10% food price hike in the next 60 days
At a time when Americans are already paying significantly more money on their grocery bills, the owner of a New York City supermarket chain has warned that food prices are going to continue to rise significantly in the near future, with increases potentially reaching as high as 10 percent in just two months. This is […]
10/21/2021
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By Cassie B.
Poll: Most voters consider Biden’s handling of the economy “poor” as inflation soars
More than half of voters in a recent survey gave President Biden’s handling of economic issues a poor rating as inflation continues to climb. The national poll, which was carried out online and via telephone last week by Rasmussen Reports and The National Pulse, found that just over a third of likely U.S. voters consider […]
10/20/2021
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By Cassie B.
Food prices continue to rise dramatically, with no relief in sight
American households are finding it increasingly more expensive to feed their families as food prices continue to rise steeply. Inflation data released last week showed that the price of food at home climbed 1.2 percent in September, which is a significant gain in the span of just a month and three times the inflation rate […]
10/20/2021
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By Cassie B.
Thanksgiving might be very different this year thanks to turkey shortages, higher food prices
It’s hard for most Americans to imagine Thanksgiving without a turkey on the table, but that could well be a reality this year as farmers and producers are warning of an impending turkey shortage. Turkey company Butterball has warned that families may not be able to find smaller turkeys this year as the trend toward […]
10/15/2021
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By Cassie B.
White House warns Americans could see higher prices, empty shelves this holiday season
White House officials have warned that Americans could be facing empty store shelves this Christmas season and higher prices on the goods they do find thanks to global supply bottlenecks driven partly by the COVID pandemic. Supply chain issues have been damaging retail and transportation companies, many of which have issued disappointing earnings outlooks recently. […]
10/13/2021
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By Cassie B.
Soaring fertilizer prices expected to make food inflation even worse
Fertilizer prices are hitting record highs in North America, which will likely cause food inflation to rise even higher. The Green Markets North America Fertilizer Price Index hit $996.32 per short ton last week, which is a record high. It soared well past its 2008 peak, setting a new benchmark for the nearly 20-year-old index. […]
09/08/2021
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By Cassie B.
Global food ecosystem under severe pressure due to staff shortages, extreme weather
The list of problems impacting food supply chains this year continues to grow, as extreme weather and worker shortages are pushing global food prices upward and leaving people hungry. Right now, the global food ecosystem is under intense pressure due to a shortage of staff. The reduction in supplies and lack of workers are threatening […]
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