The 7 foods getting hit the hardest by price spikes this year

  • Date: 04-Apr-2022
  • Source: Business Insider
  • Sector:Oil & Gas
  • Country:Middle East
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The 7 foods getting hit the hardest by price spikes this year

Get ready to see higher prices at the grocery store this year. The US Department of Agriculture released its for 2022, and it found that a range of foods, from sweets to fruit, will likely be getting more expensive. After the Russian invasion of Ukraine last month, the US sanctioned Russia and disrupted shipments of Russian fertilizer, which farmers are heavily reliant on, and it's caused prices to soar alongside the worsening climate crisis. According to USDA, food prices in February 2022 were 7.9% higher than they were in February 2021, and it noted the conflict in Ukraine as a primary cause of increased prices. The US is not the only country feeling the impact of supply chain disruptions. The World Food Program found last month, to Axios, that Middle Eastern countries are very reliant on wheat from Ukraine, with Lebanon importing 60% of its wheat from the country, and United Nation Secretary-General António Guterres warned that Ukraine's food supply chain is "falling apart," and the impact will be experienced globally. Even before the Russian invasion, the worsening climate crisis was straining food supply. A UN reported that over the next three decades, "food supply and food security will be