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Inflation is cooling, but food prices are still much higher than they were a year ago. Bakery products, in particular.
Sam Krouse, co-CEO of MPS Egg Farms, says wholesale prices are down as farms recover from avian flu and consumer demand eases.
Inflation, supply chain problems and wealth disparities remain barriers to solving hunger, says Claire Babineaux-Fontenot of Feeding America.
As inflation pushes food costs higher, consumers are shifting their protein preferences.
Labor Department numbers for September show inflation slowing in some sectors.
Farmers are paying more for equipment and supplies. Drought in the Great Plains has hurt corn and wheat. The Ukraine war also plays a role.
Gas influences how a lot of things cost – but there are other factors behind rising prices.
In July, the cost of food at grocery stores was up 13% annually. An Oregon nonprofit is serving nearly twice as many clients as before the pandemic.
More people in the United States are working two full-time jobs than ever before, says Lauren Kaori Gurley of The Washington Post.
The United Nations’ index of global food prices rose 12.6% in March, increasing the risk of hunger in the developing world.