Back to Blog
Image: Tradingeconomics.com via US Bureau of Labor Statistics
Our food is 4.1% more expensive than this time last year in the US which the Bureau of Labor Statistics reports monthly. In April, we wrote about how pigs and cattle are being slaughtered because that stop loss is cheaper than feeding and caring for them if they're not going to sell at their prime age/weight. Since then, the US has had major supply chain problems with some truckers flat refusing to deliver to hostile cities.
Venezuela's cost of food is up 2,240% since August 2019.