Published 30 July 2021

 Basseterre 

Buckie Got It, St. Kitts and Nevis News Source

Joseph Zeballos-Roig and Madison Hoff 

Prices for various food items have gone up since the start of the pandemic. This is especially the case for beef and veal as well as pork. 

• Food prices are on the rise, particularly for beef, per new data from the Labor Department.
• Increases could further strain family budgets, but experts say it won’t last forever.
• Economists project supply chain disruptions will ease in the fall and inflation will go down in 2022

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Food inflation expected to beef up meat prices

Michael Hirtzer, Megan Durisin and Tatiana Freitas

Published 30 July 2021

 Basseterre 

Buckie Got It, St. Kitts and Nevis News Source

There are signs that the food inflation that’s gripped the world over the past year, raising prices of everything from shredded cheese to peanut butter, is about to get worse.

The covid-19 pandemic upended food supply chains, paralyzing shipping, sickening workers that keep the world fed and ultimately raising consumer grocery costs around the globe last year. Now farmers — especially ones raising cattle, hogs and poultry — are getting squeezed by the highest corn and soybean prices in seven years. It’s lifted the costs of feeding their herds by 30% or more. To stay profitable, producers including Tyson Foods are increasing prices, which will ripple through supply chains and show up in the coming months as higher price tags for beef, pork and chicken around the world.

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