Your Opinion Matters!   Take Our Website Survey

Inflation Driving Up Food Costs

News / In The News October 26, 2021

Credit: iStockPhoto 

Food prices are up 3.7% so far in this year. The 20-year average is about 2.4%. Driving factors include labor shortages, transportation cost increases and supply chain issues. "When you go to the grocery store and it feels more expensive, that's because it is," AFBF Senior Economist Veronica Nigh told CBS MoneyWatch.

Inflation could add to the cost of holiday meals this year. Nigh stressed that while prices are increasing, the food supply remains strong, "You might pay more for it than you want, but you will be able to find it."

Share This Article

Credit: Getty Images 

It’s not just the turkey that will cost more this Thanksgiving. Thanks to inflation and supply chain interruptions, nearly every ingredient in your holiday meal is more expensive, according to the American Farm Bureau Federation's annual Thanksgiving dinner cost survey.

Full Article
Credit: Getty Images 

Supply chain issues have made life difficult for U.S. farmers, ranchers, and rural communities. Chad Smith has more on how those supply chain issues could make the holiday season more challenging for shoppers as well.

Full Article