- Elevated costs for essential inputs like fertilizer and diesel fuel, combined with severe weather events such as heatwaves and droughts, are negatively impacting global agricultural hubs and supply chains.
- Increased logistics and operating costs are being passed onto consumers, threatening food security across nations.
Grocery Prices Drop Slightly in September, But Remain Higher Year-Over-Year
What happened
Grocery prices dropped 0.1% on a seasonally adjusted basis in September, according to government figures. While this drawdown offers some relief, overall prices remain 1.8% higher than they were a year earlier. Prices climbed for items like coffee, candy, and fresh fruit, while meat prices dipped 0.9% in September.
From ktbb.com
Why it matters
Elevated costs for essential inputs, such as diesel fuel, have pushed up logistics and operating costs across the supply chain. This trend threatens food security across nations, as increased costs are passed onto consumers.
Increased logistics and operating costs are being passed onto consumers, threatening food security across nations. Elevated costs for essential inputs like fertilizer and diesel fuel, combined with severe weather events such as heatwaves and droughts, are negatively impacting global agricultural hubs and supply chains.
From ktbb.com