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01/12/2024
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By Belle Carter
French retail giant boycotts PepsiCo snacks and drinks in Europe “due to unacceptable price increases”
France’s largest supermarket chain Carrefour started boycotting food and drinks of PepsiCo on Jan. 4 in France, Belgium, Spain and Italy in a move to encourage the American multinational food, snack and beverage corporation to bring down its prices. The retail giant has removed PepsiCo items from supermarkets in France and placed banners in aisles […]
01/02/2024
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By Cassie B.
Rice prices hit 15-year high, increasing food insecurity for billions of people
The price of rice has hit a new 15-year high amid strong demand and growing concerns about global rice supplies in the face of unfavorable weather patterns, geopolitical concerns and export restrictions. The Thai Rice Exporters Association reports that the Asian benchmark Thai white rice 5 percent broken has risen for the third week in […]
11/30/2023
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By Belle Carter
Study: Inflation is holding back Americans from making holiday food donations
As soaring food prices continue to haunt households, the hands of Americans are now tied when it comes to showing generosity and sharing blessings, especially during seasons of giving. A study released on Nov. 20 found that high prices of food are having a significant impact on Americans’ willingness to donate food during the 2023 […]
11/27/2023
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By Arsenio Toledo
Thanksgiving was more expensive under the Joe Biden administration thanks to “Bidenflation”
The staple foods included in every Thanksgiving meal are now more expensive as food inflation grips the nation, thanks to President Joe Biden’s economic policies. Some notable holiday favorites severely impacted by food inflation include russet potatoes, canned pumpkins and canned cranberries, whose prices are up 14 percent, 30 percent and 60 percent, respectively, compared to […]
11/03/2023
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By Laura Harris
CVS pharmacies in Washington, D.C. display framed photographs of products and keep real ones in locked cages to combat rampant shoplifting
Two CVS pharmacies in Washington, DC, have been forced to create unconventional solutions to combat rampant shoplifting. CVS Pharmacy at the H Street Northeast location is now using framed photographs of toilet papers and kitchen towels to stand in place of the real products. Customers must also press a button to request that staff retrieve the items from […]
09/07/2023
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By Arsenio Toledo
Food shortages and inflation continue as “Bidenomics” SPECTACULARLY FAILS
More food shortages and price hikes are coming before the end of 2023, as President Joe Biden’s economic agenda, dubbed “Bidenomics,” once again puts too much pressure on inflation and food production. “The economy is in the dump, and no matter how many times the media or President Joe Biden tells us how great we are […]
07/11/2023
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By Arsenio Toledo
GREEDFLATION: Walmart prepares to increase prices despite reporting 7.33% profit growth
Walmart is expected to once again increase store prices at a time when even the American middle class is struggling to shop for essentials at the big box store that many consider to be one of the cheapest places to get goods. Walmart has been warning for months now that inflation in the United States […]
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 […]
05/29/2023
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By Belle Carter
FOOD CRISIS BREWING: Robusta coffee bean prices hit 12-year record high amid El Nino threat
A shortage brought about by the emerging El Nino ahead of a Northern Hemisphere summer in Vietnam and Indonesia has pushed Robusta coffee bean prices to a 12-year record high. Vietnam is the world’s largest producer of Robusta coffee beans while Indonesia is the world’s third-largest producer of this cheaper coffee variety. While many coffee lovers prefer […]
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