Title: Food prices are skyrocketing — for these 4 reasons
Headings: Food prices are skyrocketing — for these 4 reasons
Food prices are skyrocketing — for these 4 reasons
1. Plummeting food production
2. Transportation tumult
3. More eating at home
4. Wild weather
The outlook for food prices

Content: Food prices are skyrocketing — for these 4 reasons
Food prices are skyrocketing — for these 4 reasons
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Nothing ruins an appetite quite like rising food prices. © Stokkete / Shutterstock 4 reasons food prices are skyrocketing
If you’re like most Americans, your grocery runs have been growing more expensive — for months. In 2020 food prices jumped 3.9%, nearly triple last year's overall rate of inflation, according to the government’s Bureau of Labor Statistics, or BLS. Grocery bills could rise another 3% this year, says the U.S. Department of Agriculture (USDA), and some experts say the price escalation won’t end there. You'll be hankering to find food savings for a long time. “I think food prices are going to continue to increase for probably a good year, year and a half,” predicts Phil Lempert, founder of SupermarketGuru.com. Here are four reasons U.S. food prices are likely to keep going up. 1. Plummeting food production
© Provided by MoneyWise Salov Evgeniy / Shutterstock
Food production, because it so often involves crowded working conditions, was decimated last year, both by COVID-19 shutdowns and a number of widespread outbreaks at packing plants across the U.S.
The lack of product triggered a sharp increase in meat prices. BLS data shows consumer spending on meat increased 5.5% from January 2020 to January of this year.