Food prices will see biggest increase in 14 years, according to Missouri researchers

[Sherman A1]

Food prices will be a lot higher this year, according to a new study of the agriculture and food industry.

According to the Food and Agricultural Policy Research Institute, a think tank at the University of Missouri, food prices will be at least 5% higher in 2022 compared to last year. That’s the biggest single-year increase in 14 years.

The group’s director, Pat Westhoff, said the final number could be even higher.

“I won’t give you a specific number, but it’s safe to say that if we were creating a new baseline today, we’d almost certainly show a higher rate,” said Westhoff, who heads the institute.

https://news.stlpublicradio.org/economy-business/2022-04-02/food-prices-will-see-biggest-increase-in-14-years-according-to-missouri-researchers

[MiHale]

1. That cancels out our Social Security increase...

Although thankful it came!

[SWBTATTReg]

2. Kind of seeing higher prices now, and have been, for some time. Have cut back on storing goods

at home, will do more 'buy only when wanted' scenario, instead of buying it and stockpiling it at home (unless the prices are decent, then I'll restock again, but otherwise, no).

Perhaps plant a few tomatoes or such, go to the farmer's market when it's about to close (prices are better then (the sellers don't want to haul all of the unsold goodies back home)).

[MacKasey]

3. Don't buy anything unless it's on sale

And stock up

Also plant some veggies

Use coupons

Years ago my sister in law worked for quick check and they add breadcrumbs to their tuna fish and the used the cheapest brand

[peppertree]

4. They have indeed become quite noticeable since Putin invaded - especially on wheat items

And unfortunately, we all know who voters tend to blame when these things happen - never mind soaring corporate profits, which point to price gouging.