Even if you're not on social security or food stamps, we are seeing in real time, double digit percentage increases for certain food commodities like we haven't seen since the early 1980's. It's certainly not as bad as the hyperinflation in Venezuela in 2020, when the inflation rate was a whopping 2,959%! Nay, nay.
But just a 10% increase in price, here in the U.S., for foods like meat and eggs can really strain your monthly budget for food. Sadly, global food price increases are even higher.
According to the UN Global Food Price Index, sugar prices are up 20% and vegetable oils are up 34%...and of course, gas prices are making me want to stay home everyday, and the Ukraine/Russia thing, well...it is forcing wheat price futures up off the charts.
So, what does all this mean for folks like us?
That's a great question.
Check out full episode here :
https://pod.co/food-slain/food-inflation-the-complicated-reality-of-rising-prices
It means, we're spending an average of $250/month extra on food right now. It means that the buying power of the dollar will continue to decline. It means that if the bottom "falls out"...people will be forced to do with less...It means we may see food shortages again and some will face food insecurity everyday....especially elders on fixed incomes and middle and low income families.
Look...I'm not trying to get you all hyped up. What I am striving to do in this Season 8 Finale is, help you get inspired to take some responsibility for your food security this year and grow some of your own food. Now is the time. Don't delay...
Time to build some resilience, folks. Because the reality is...it ain't getting any better, anytime soon.
I appreciate you listening to this episode and sharing it with someone you love. Take good care of yourselves. In the meantime, in between time, I'm going to get my plants ready for the season but I may have something special for you next week that's slightly more encouraging. :)
Chow,
Michele
p.s. If you need or want some FREE seeds to get your garden started this year...holla! I got you!
