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03/01/2024
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By Cassie B.
LET THEM EAT FLAKES: Kellogg’s CEO under fire for saying Americans should eat cereal for dinner to save money amid inflation
The CEO of Kellogg’s, Gary Pilnick, has come under fire after suggesting Americans save money in the face of rising food prices by eating cereal for dinner. His comments come at a time when Americans are spending the highest percentage of their income on food in decades at 10%, while the average family spends more […]
12/15/2023
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By Laura Harris
U.S. food banks grapple with strained donations as people battle FOOD INFLATION
As the Christmas holiday approaches, food banks in the U.S. are grappling with strained resources due to inflation. In a survey conducted by impact technology company Divert Inc, only 25 percent of respondents were more likely to donate during this holiday season because of the escalating cost of food and groceries. Moreover, the survey found that the current […]
12/12/2023
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By Cassie B.
India bans onion exports as government tries to control rising food prices
India has added yet another food staple to its list of export restrictions as the country’s government takes drastic steps to keep domestic prices under control as elections in the country loom. The latest move sees overseas shipments of onions prohibited until the end of March, with an exception being made for cargos that began […]
12/10/2023
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By Belle Carter
Grocery items in first “Home Alone” now 264% HIGHER after taxes despite Biden’s “strong economy” claims
The prices of grocery items featured in the first “Home Alone” movie, which hit theaters in 1990, have increased since then. The movie starred Macaulay Culkin, then eight years old, as protagonist Kevin McCallister. The young McCallister had been mistakenly left home alone on Christmas Eve, prompting him to make a trip to the grocery […]
12/07/2023
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By Belle Carter
Bidenomics: Big Mac extra value meal now costs $10 more than it did during Trump’s era
Customers of fast food giant McDonald’s are not spared by inflation. The fast food chain’s Big Mac extra value meal, a combo of the iconic burger, medium beverage and a medium fry, now costs $18 in some locations – up $10 from 2018 when former President Donald Trump was still president. A viral video of […]
11/14/2023
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By Arsenio Toledo
Cocoa prices rise to highest level in 45 years as poor weather diminishes outlook for harvests
Cocoa prices in New York rose to more than $4,000 per ton on Friday, Nov. 10, the highest level since 1978, as the outlook of poor crop harvests in the world’s cocoa capital of West Africa caused prices to skyrocket. Global cocoa supplies are tightening amid concerns that current cocoa production levels might not be enough […]
11/12/2023
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By Belle Carter
HUNGER IN CANADA: Trudeau controls prices of food in grocery stores, initiating a series of events that will lead to EMPTY SHELVES
Back in September, Canadian Prime Minister Justin Trudeau warned grocery chains that they could be hit with new taxes if they do not take steps to control rising food prices. He asked the heads of the five largest supermarket chains, including Walmart and Costco, to come up with a plan. “If their plan doesn’t provide […]
10/16/2023
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By Cassie B.
Canadian government THREATENS Costco and Walmart to artificially lower food prices to combat inflation
As inflation continues to climb in Canada, the government has resorted to threatening grocery stores in a bid to get them to artificially reduce their prices to cope with the new reality. In response to political pressure to tackle inflation and a deadline imposed by the government to come up with a plan, the country’s […]
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 […]
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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