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05/27/2022
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By Arsenio Toledo
French municipalities handing out food vouchers to deal with food inflation
Municipalities all over France have begun providing their residents with food vouchers to help families deal with spiraling food inflation. The vouchers are being distributed by many city governments. They can be cashed in at supermarkets and come in denominations of five, 20 and 30 euros. (Related: Nearly two-thirds of Americans are now living paycheck to […]
05/25/2022
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By Mary Villareal
Canada’s inflation rate reaches 31-year high; spike in grocery prices highest since 1981
Canadians who are living on government benefits are being forced to live with less as food prices soar. Canada’s inflation rate is at 6.8 percent, the highest in 31 years. Grocery prices rose 10 percent year over year, the highest spike since 1981. Stephen Jones, 56, said that by the end of the month and before […]
05/24/2022
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By Ramon Tomey
BAD POLICY: Indonesia LIFTS BAN on palm oil exports as domestic cooking oil prices plunge
Indonesia recently lifted its ban on palm oil exports as it caused a nosedive in domestic cooking oil prices. Indonesian President Joko Widodo announced the ban’s lifting in a May 19 video statement. First announced on April 28, the ban saw Jakarta halting shipments of crude palm oil and several products derived from it. The decision by […]
05/19/2022
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By Arsenio Toledo
Bank of England governor warns of coming “apocalyptic” global food shortage
The governor of the Bank of England is warning the people of the United Kingdom to prepare for an “apocalyptic” global food shortage, adding that Britain’s central bank is helpless in the face of surging inflation. Speaking to legislators in the House of Commons Treasury Select Committee on Monday, May 16, Bank of England Gov. Andrew […]
04/19/2022
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By Mary Villareal
Meat producers react as Biden issues emergency waiver that allows selling gasoline with 15% ethanol
President Joe Biden issued an emergency waiver that allows gasoline stations nationwide to sell gasoline with 15 percent ethanol. With the record-high prices and soaring levels not seen since 1981, Biden effectively paused a federal environmental regulation that prohibits this biofuel mixture in the summer to limit smog. Biden’s action, however, could lead to higher meat […]
04/04/2022
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By Ramon Tomey
BlackRock president: INFLATION will teach VERY RUDE lessons to today’s consumers
BlackRock President Rob Kapito remarked during a recent conference in Austin, Texas that the current inflation will teach very rude lessons to this generation of “entitled” consumers. “For the first time, this generation is going to go into a store and not be able to get what they want. And we have a very entitled generation that […]
03/08/2022
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By Ethan Huff
Food prices in February were 20.7% higher than a year prior, UN agency warns
Before Russian President Vladimir Putin invaded Ukraine, world food prices had already reached a record high, says the United Nations’ (UN) Food and Agriculture Organization (FAO). The February food price index saw a 20.7 percent year-on-year increase, meaning average food costs were up by this amount in 2022 compared to 2021. Vegetable oils (i.e., soybean […]
03/02/2022
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By Arsenio Toledo
Major household goods companies raising prices on popular products due to inflation
Many of America’s major household goods manufacturers are raising the prices of their products in response to rapid inflation, disastrous economic policies and ongoing international crises. Colgate-Palmolive, known for its line of personal care products including toothpaste, recently said that it is releasing a line of $10 toothpaste. CEO Noel Wallace said in an industry conference […]
02/03/2022
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By Cassie B.
Inflation is hitting low-income families the hardest, with some now spending 1/3 of their budget on food
Rising food prices are hitting families around the world hard, and the lowest-income households are now spending as much as a third of their budget on food in some places as a result of inflation. This is according to the latest data from the Office for National Statistics in the UK. They found that Brits […]
01/13/2022
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By News Editors
The dollar has entered a death spiral, and a lot more inflation is on the way
Did anyone out there actually expect things to turn out differently? When the federal government kept borrowing and spending trillions upon trillions of dollars that we did not have, we were warned that this day was coming. And when the Federal Reserve kept pumping trillions upon trillions of fresh dollars into our financial system, we […]
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