10 years ago
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Weird weather and war are making your food more expensive
The winter of 2014 hasn’t been kind to the cost of breakfast, lunch, and dinner. Food prices have jumped more than 5% since the start of the year, according to the UN Food and Agriculture Organization’s food price index, which was updated this morning with new data for March. Sugar, cereals, and vegetable oils, in particular, have gotten significantly more expensive—by 8%, 5%, and 4%, respectively, since February; and nearly 15%, 9%, and 9%, respectively, since new years’ day.
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"Pricier Palm Oil" is not a even a minor ingredient of most vegetable oils here in the U.S. This article is focused on global prices. Rising prices for foodstuffs here in the U.S. are more affected by other factors, mostly oil, for transportation and packaging.