Economy

Sherman A1

(38,958 posts) Sun Apr 3, 2022, 11:05 AM Apr 2022

Food prices will see biggest increase in 14 years, according to Missouri researchers

Food prices will be a lot higher this year, according to a new study of the agriculture and food industry.

According to the Food and Agricultural Policy Research Institute, a think tank at the University of Missouri, food prices will be at least 5% higher in 2022 compared to last year. That’s the biggest single-year increase in 14 years.

The group’s director, Pat Westhoff, said the final number could be even higher.

“I won’t give you a specific number, but it’s safe to say that if we were creating a new baseline today, we’d almost certainly show a higher rate,” said Westhoff, who heads the institute.

https://news.stlpublicradio.org/economy-business/2022-04-02/food-prices-will-see-biggest-increase-in-14-years-according-to-missouri-researchers

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Food prices will see biggest increase in 14 years, according to Missouri researchers (Original Post) Sherman A1 Apr 2022 OP

That cancels out our Social Security increase... MiHale Apr 2022 #1

Kind of seeing higher prices now, and have been, for some time. Have cut back on storing goods SWBTATTReg Apr 2022 #2

Don't buy anything unless it's on sale MacKasey Apr 2022 #3

They have indeed become quite noticeable since Putin invaded - especially on wheat items peppertree Apr 2022 #4

MiHale

(10,799 posts)

1. That cancels out our Social Security increase...

Reply to Sherman A1 (Original post)

Sun Apr 3, 2022, 11:13 AM

Apr 2022

Although thankful it came!

SWBTATTReg

(24,140 posts)

2. Kind of seeing higher prices now, and have been, for some time. Have cut back on storing goods

Reply to Sherman A1 (Original post)

Sun Apr 3, 2022, 11:16 AM

Apr 2022

at home, will do more 'buy only when wanted' scenario, instead of buying it and stockpiling it at home (unless the prices are decent, then I'll restock again, but otherwise, no).

Perhaps plant a few tomatoes or such, go to the farmer's market when it's about to close (prices are better then (the sellers don't want to haul all of the unsold goodies back home)).

MacKasey

(1,189 posts)

3. Don't buy anything unless it's on sale

Reply to Sherman A1 (Original post)

Sun Apr 3, 2022, 11:25 AM

Apr 2022

And stock up

Also plant some veggies

Use coupons

Years ago my sister in law worked for quick check and they add breadcrumbs to their tuna fish and the used the cheapest brand

peppertree

(22,850 posts)

4. They have indeed become quite noticeable since Putin invaded - especially on wheat items

Reply to Sherman A1 (Original post)

Sun Apr 3, 2022, 01:17 PM

Apr 2022

And unfortunately, we all know who voters tend to blame when these things happen - never mind soaring corporate profits, which point to price gouging.

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