marketcrash
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food inflation
08/18/2023
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By News Editors
Compilation: Millennials CRUSHED by inflation freak out over soaring cost of living
Millennials and Gen Z are taking to social media to share how they’re increasingly unable to afford basic necessities like food and housing. (Article by Jamie White republished from Infowars.com) Young adults explained on TikTok that the soaring inflation in Canada, the U.S. and elsewhere has created a dire cost of living crisis with no […]
08/17/2023
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By Cassie B.
American families are spending $709 a month more than two years ago due to Biden’s inflation
The Biden administration has been doing its best to downplay the inflation that Americans are currently dealing with, but Moody’s Analytics recently put a dollar amount on just how much the country’s economic woes have been costing us. According to the chief economist at Moody’s, Mark Zandi, Americans are now spending more than $700 a […]
06/27/2023
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By Laura Harris
Wealthy shoppers now embracing discount stores amid worsening FOOD INFLATION
Discount retailers such as Dollar General, Aldi and Five Below are seeing wealthier customers flock to their locations amid worsening food inflation. Retail analytics firm InMarket noted that there has been a four percent average increase in the share of individuals making more than $100,000 visiting dollar stores this year, compared to the second half […]
06/20/2023
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By Laura Harris
Central banks are badly losing their war against FOOD INFLATION
Amid a wave of interest rate hikes by central banks across the globe, the surge in food prices continues unabated. Experts associated this phenomenon with two key factors: the inelasticity of food demand and a looming long-term supply crisis. Despite the best efforts of central banks to rein in inflation through interest rate adjustments, the fundamental need […]
06/01/2023
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By Arsenio Toledo
GREEDFLATION: McDonald’s, PepsiCo raising prices beyond inflation to generate bigger profits
Food giants McDonald’s and PepsiCo continue to greedily raise prices, forcing many consumers looking for price breaks to keep waiting for the day when food prices normalize. These price increases are ongoing. Many companies do not plan to change course and will continue increasing prices or keeping them at elevated levels even as some executives are […]
05/23/2023
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By Laura Harris
Nonprofit warn: Brits’ food bank dependency goes beyond cost-of-living crisis
Britons’ dependency on food banks just to eat each day goes beyond the U.K.’s ongoing cost-of-living crisis. According to the latest report by non-profit food bank operator Trussell Trust, it gave out nearly three million emergency food parcels across the U.K. between 2022 and 2023. From the 1.35 million parcels reported in 2017 to 2018, […]
05/09/2023
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By Ramon Tomey
Cost-of-living crisis in Turkey undermines Erdogan re-election bid
The ongoing cost-of-living crisis in Turkey could compromise the re-election bid of Turkish President Recep Tayyip Erdogan. According to the Jerusalem Post (JPost), millions of Turks have had to deal with runaway inflation for years. Annual inflation has remained in the double-digit counts for almost all of the five years since the 2018 general elections. […]
04/14/2023
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By Ethan Huff
Global sugar shortage sends prices to decade high
There are more troubles in the food sector as market manipulation has driven up the price of sugar while creating what appear to be impending sugar shortages. A lack of deliverable sugar ahead of Friday’s expiry has sent the white sugar futures contract for May to its highest level in more than 10 years. According […]
04/05/2023
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By Ramon Tomey
High inflation in Pakistan triggers FOOD RIOTS
Consumer price inflation (CPI) in the South Asian nation of Pakistan jumped to an all-time high, triggering food riots. On April 1, the Pakistan Bureau of Statistics (PBS) said the country’s CPI jumped to a record 35.37 percent in March from a year earlier. It surpassed the 31.5 percent number recorded in February 2023 – […]
04/04/2023
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By Ethan Huff
Pakistan suffering through highest-ever annual inflation; stampedes for food have already killed 16 people
The government statistics bureau of Pakistan announced this week the highest ever jump in prices for food and other goods over the past year, which has created something of a nightmare across the country. Between March 2022 and March 2023, consumer price inflation in Pakistan increased by an astounding 35.37 percent overall, which has led […]
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