Food Banks Seeing Impact Of Inflation As Food Prices Rise

The video discusses the significant rise in food prices, expected to increase by 5% this year, marking the highest inflation rate since 2008. Restaurant prices are also rising, impacting consumers and small businesses. Organizations like Second Servings in Houston are struggling with increased costs while trying to provide free food. Community responses include smarter shopping and inflation fees in restaurants. The supply chain is affected by fuel price hikes, contributing to overall cost increases. Future grocery prices depend on fuel costs and global volatility.

What is the expected average increase in food prices this year?

• 3%

• 5%

• 7%

• 10%

How are organizations like Second Servings of Houston coping with increased costs?

• By reducing the number of recipients

• By reducing the quality of food

• By charging recipients a small fee

• By absorbing the increased costs

What strategy are people in Milwaukee using to manage rising food costs?

• Reducing their food intake

• Shopping at more expensive stores

• Buying in bulk and processing meat themselves

• Switching to a vegetarian diet

What is the expected increase in poultry prices this year?

• 2-3%

• 8-9%

• 4-5%

• 6-7%

What factors largely determine when grocery prices will fall?

• Government policies and subsidies

• Weather conditions and crop yield

• Price of fuel and global volatility

• Consumer demand and supply