Food and Energy Prices Are a Crisis or Anannoyance

Real consumer spending on food jumped by seven point six % in 20 20 and a further three point two % in 20 21. Food production has also been impacted by a series of disasters. A global avian flue epidemic has resulted in a surge in chicken, turkey and egg prices. The ucranian war has slowed the exports of russ and ucrane grain,. And labor shortage are contributing to an increase in e fruit and vegetable prices. Very high food commolitry prices should tame demand and increase supplies, and should, in time, bring food prices down.