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Food Inflation, or the steadily rising cost of food commodities, is a growing global issue. The price of many basic food items like wheat, rice, coffee, milk, meat, soy, and corn has increased dramatically, for some items as much as doubling, in the last year. This has already had a huge impact on nations in which poverty is common. In many western nations consumers have already adapted their eating habits, something that has not happened in response to price increases in recent years. The price of food has also caused political instability, with notable riots breaking out in Egypt and Haiti. Fast Facts:
- Price of wheat doubled in the United States between 2007 and 2008
- Wheat prices reached an all time high in the United States in 2008
- Milk and meat prices more than doubled in the United States during this period
- The United Nations projects a 53% increase in cereals prices in Europe
- The UN also projects a 43% increase in cereals prices in Africa
- Riots have occurred in Burkina Faso, Cameroon, Senegal, Mauritania, Ivory Coast, Egypt and Morocco
Causes:
- Increasing population
- Increased demand for wheat in Chinese markets
- Increasing production of biofuels
- Successive poor harvests
- High tariffs and blocked exports
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The Mahalo Top 7
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Times Online: Food Price Inflation Is Here to Stay
WARNING: Pop-ups
business.timesonline.co.uk (January 21, 2008) -
BBC News: Q&A: Rising World Food Prices
news.bbc.co.uk (April 11, 2008) -
The New York Inquirer: Rising Food Prices Lead to Riots...Next, Revolution?
nyinquirer.com (April 11, 2008) -
The Economist: Tightening Belts
economist.com (April 10, 2008) -
TIME: No Grain, Big Pain
time.com (April 10, 2008) -
The Guardian: Record Rise in Food Prices Fuels Inflation
guardian.co.uk (February 12, 2008) -
Businessweek Video: Food Inflation: What's Behind Rising Food Prices (Time: 3:30)
feedroom.businessweek.com
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Times Online: Food Price Inflation Is Here to Stay
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Food Inflation on Twitter Powered by Twitter
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Inflation also to blame for food price hike http://bit.ly/3LgjV7
@Shanegorry | November 09, 2009 10:06 PM -
In Australia food prices have risen 40% in a decade despite low inflation. Is the supermarket duopoly to blame? http://bit.ly/tBqve
@pjcooper | November 09, 2009 08:54 PM -
ABC Biz News: Inflation also to blame for food price hike: The ACCC says drought and other agriculture reforms are contribut..
@SLSAMoney | November 09, 2009 02:23 PM -
Inflation also to blame for food price hike http://cli.gs/QWWDR
@Sanders87q | November 09, 2009 12:58 PM -
Sharing... Food inflation and supermarket silliness http://bit.ly/4iQCUZ
@1petermartin | November 09, 2009 12:23 PM
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Food Inflation on Amazon | View All
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Food Price Inflation To Remain Low in 2000-2001.: An article from: Frozen Food Digest - $5.95
This digital document is an article from Frozen Food Digest, published by Frozen Food Digest, Inc. on December 1, 2000. The length of the article is 2103 words. The page length shown above is based on a typical 300-word page. The article is...
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Federal government may have overstated food price inflation.: An article from: Food & Drink Weekly - $9.95
This digital document is an article from Food & Drink Weekly, published by Thomson Gale on January 22, 2007. The length of the article is 485 words. The page length shown above is based on a typical 300-word page. The article is delivered i...
Amazon
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Questions and Answers About Food Inflation | View All | Ask a Question
View All Food Inflation Questions (1036) | Ask a QuestionWill inflation rise in 2009? (1 Answer)Right now we run as much risk of deflation as inflation. People are losing their jobs, which means they have to reduce spending, which means there is less demand, which ... read moreDo you have a food storage reserve? (4 Answers)Yes we do. We only have items in there that we will eat though. I know there are some websites that say you need X amount of this, and I'm ... read moreShould a person live in a small city verses a large city when inflation is rising? (1 Answer)Geography matters! If you have the room & climate for a garden or room to raise chickens you may be able to avoid some of the sting of spiralling food ... read moreDoes the bond market shows low inflation expectations? (2 Answers)Bond prices reflect future inflation expectations. Yields move in the opposite direction of prices, so as bond prices increase, yields drop. Recently, the Federal Reserve and Treasury have spent billions ... read more
Ask a Question about Food Inflation 140 characters
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Food Inflation News
- Google News: Food Inflation
- WashingtonPost.com: Objects on Your Plate May Be Smaller Than They Appear (April 13, 2008)
- Al Jazeera: Food Prices Fuel Security Fears (April 12, 2008)
- BBC News: Rice Prices 'to Keep on Rising' (April 11, 2008)
- The Guardian: Food Inflation Could Put 100 MLN at Risk (April 11, 2008)
- "A doubling of food prices in the last three years could potentially put 100 million people in low income countries deeper into poverty and raise the global poverty rate as much as 3 to 5 percentage points, a senior World Bank official said."
- The Independent: Rice Races to Record High (April 8, 2008)
WARNING: Pop-ups - Agence France-Presse: High food prices seen leading to strikes, protests in Asia (April 8, 2008)
- allAfrica: Food Inflation is Huge Minefield for African Governments (March 28, 2008)
- The Guardian: Fears Grow That Food Inflation Threatens Fairtrade (March 18, 2008)
- Times Online: Food Costs Send Chinese Inflation Soaring (November 13, 2007)
- Times Online: Flooding's Effect on Food Prices Imperils Drive Against Inflation (July 30, 2007)




