04/21/2022

Four Hidden Reasons Food Prices are Crazy Right Now

Find out what's adding to pandemic-era supply-chain disruptions

The Bureau of Labor Statistics revealed this month that prices for nearly all food categories at the grocery store have risen at rates not seen since the early 1980s. But shoppers already know that the cost of food has surged alarmingly, from the produce aisle to the meat counter and the freezer section.

Most consumers also know this is being driven by worker shortages, higher fuel costs and lingering supply-chain snarls from the pandemic. But other factors have emerged in recent weeks to push up that grocery bill. Here are four hidden reasons food prices have skyrocketed.

The Invasion of Ukraine

The war in Ukraine is having a huge impact on the cost of food in the United States — particularly the price of corn. The Chicago Board of Trade corn futures topped $8 a bushel earlier this week, reaching its highest price in nearly a decade.

Please select this link to read the complete article from The Washington Post.