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Food

Food Prices Skyrocket in USA

12 May 2022

Americans are paying 10 percent more for food at the grocery store than a year ago, mostly because they are facing the sharpest inflation in 40 years.  

Another factor is the increased cost of fertilizers and pesticides – 50 percent over the past year -- with the war in Ukraine adding further pressure as Russia is a major exporter of nitrogen, potassium and phosphorous fertilizers. 

Still another is rising energy and transportation costs; trucking is the primary mode of transportation for food products, and the industry was already dealing with a shortage of drivers even before the pandemic.

Research and Markets offers more information on this topic:

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