Who’s To Blame For High Food Prices?
The prices are overwhelming.
As you already know, the cost of food in the United States has been rising and they look like they will continue to rise steadily.
According to The Hill, the cost of food has increased by 13 percent over the last year and 0.7 percent just in September. President Biden has been unable to stop the surge.
While it is typical to see the cost of things rise in America with time, this spike in prices is overwhelming and Americans are alarmed. So what or who is to blame for this shocking price spikes?
The answer is three things.
First, the war currently in Ukraine stifles much of America’s supply. Ukraine is the worlds top supplier of wheat and cooking oils. With the current war going on prices of food in America have already risen.
Second is President Biden’s supply chain issues. Farmers and food processors are having too much difficulty transporting grain, livestock, and a number of other important things. There is also a massive shortage when it comes to truckers and workers in the railroad industry.
Third is the extreme drought, particularly in California, which prevents farmers from being able to grow as much as they typically do.
At the moment, President Biden appears to be able to get any of these three issues under control. Experts do not have any good news for us when it comes to food prices for the immediate future.
