DAA Daily

Food prices spike across the globe

By: Destiny Mouawad, Staff Reporter, The Pawprint

This past March, the United States Department of Agriculture released an update concerning the commodities families across the US need. 

As of February 2022 food prices had increased by 7.9% and the USDA has now reported that prices will continue to increase by about 4.5 and 5%. While some families find ordering take-out food to be a cheaper option, this is lessening more and more.

For the remainder of the year, all dine-in and take-out menus are subjected to an increase of 5.5 and 6.5% which is expected to last for the remainder of the year. 

In order for American citizens to understand just how much their food items might end up costing them, the USDA has created a brief list to put the spiked prices into perspective. 

Food Item Price Increase 
Beef and veal: 16.2% 
Pork:+14%
Poultry: +12.5% 
Fish and seafood: +10.4%
Eggs:+11.4%
Dairy: +5.2%
Fats and oils:+11.7%
Fresh fruits: +10.6%
Fresh vegetables: +4.3%
Processed fruits and vegetables: +7.6%
Sugars and sweets: +7%
Cereals and bakery products:+7.8%

The US is not the only country facing major pressure from citizens, president of the World Bank, David Malpass, has noted that the world is facing a “human catastrophe” as a result of President Vladimir Putin’s invasion of Ukraine. 

In an interview with the BBC, Malpass noted that with the crisis in Ukraine continuing, food prices will continue to increase and as a result “…push hundreds of millions into poverty and lower nutrition.” 

For example, Ukraine is one of the world’s largest producers of cereals such as maize and wheat, yet those prices have increased sharply.

The World Bank has calculated an increase in global food prices by about 37%, which takes a massive toll on the poor. This is an even greater concern as it means that with food costing more they will not be able to purchase a reasonable amount of food and they won’t have enough money for their other needs such as schooling for their children.

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