Title: Food Prices: 5 Causes of Increases, Trends, Forecast, Effect
Headings: Why Food Prices Are Rising, Recent Trends, and 2021 Forecast
Assets & Markets Commodities
Why Food Prices Are Rising, Recent Trends, and 2021 Forecast
5 Causes of High Food Prices
Five Causes of Higher Food Prices
High Oil Prices
Climate Change
Government Subsidies
World Trade Organization Limits on Stockpiles
Recent Trends
2020: The COVID-19 Pandemic
2018 and 2019: Climate Disasters
2016 and 2017: Dollar Impact on Food Costs
2015: Impact of Avian Influenza
2011-2014: How Calamities Affected World Food Supply
2014
2013
2012
2011
2008: The Great Recession
Looking Ahead: The Ongoing Impact of the Pandemic
Key Takeaways
Article Sources

Content: Food Prices: 5 Causes of Increases, Trends, Forecast, Effect
Assets & Markets Commodities
Why Food Prices Are Rising, Recent Trends, and 2021 Forecast
5 Causes of High Food Prices
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Kimberly Amadeo is an expert on U.S. and world economies and investing, with over 20 years of experience in economic analysis and business strategy. She is the President of the economic website World Money Watch. Read The Balance's editorial policies
Kimberly Amadeo
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Eric Estevez is financial professional for a large multinational corporation. His experience is relevant to both business and personal finance topics. Article Reviewed on August 30, 2020
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Eric Estevez
Updated February 10, 2021
Since the beginning of the 21st century, food prices have risen between 2.0% and 3.0% a year on average. Grocery store prices have risen 2.0% while restaurant food has increased 2.8%. 1 ﻿
Five Causes of Higher Food Prices
In the short-term, many factors affect food prices, making them volatile. These factors include supply and demand, weather, disease outbreaks, war, and natural disasters. In the long run, there are five underlying forces that tend to drive up food prices: