Town Hall Ohio

Food Prices and Inflation

Informações:

Sinopsis

According to the USDA Economic Research Service, food-at-home prices increased 3.5 percent and food-away-from-home prices increased 4.5 percent in 2021. That trend looks to continue throughout this year with the food we eat at home predicted to increase between 1.5 and 2.5 percent, and food-away-from-home prices are predicted to increase between 3.5 and 4.5 percent. This, of course, has an impact on every American in a different way, but why are food prices so high and what types of food items are being affected the most? On this Our Ohio Weekly, we talk food prices and inflation. 00:00 - Dr. Zoë Plakias, Assistant Professor in the Department of Agricultural, Environmental and Development Economics at Ohio State’s College of Food, Agricultural and Environmental Sciences shares her latest findings about food prices and inflation 16:50 - As winter weather continues, farmers are quickly turning attention to 2022 farm planning. Factors like farm labor availability and supply chain disruptions potentially compli