Cost of Food Rising in 2010
One of the benefits of an economy’s downturn–the only benefit, really–is the price tags going down. Basic living expenses become marginally more affordable as people struggle to make ends meet.
But food isn’t looking like it plans on sticking to that trend. With only a glimmer of economic hope peeking out from the clouds, there are already discussions abound about how meat, eggs, and seafood could be climbing in 2010 by as much as 5%. Daily Finance is referring to this as “sticker shock,” where the consumer will be suddenly floored by the visible growth in prices on the labels of their foodstuffs and at the checkout line of their local grocer.
This is not a phenomena that is just affecting the United States, either. The UN is also reporting anticipated record growth for food prices in 2010. The economy is globally brushing upon the basic living needs that sustain us. And the news isn’t new; back in 2008, CNN predicted this would be happening for 2 years or more, meaning that we’re already around-about halfway up this hill, with no turning back.
In the education industry, rising food prices have had a visible impact on the nutrition of our K-12 students. The health of our future generations relies on the school lunches we provide for them, and yet we struggle to keep the standards high when it comes to the collision of K-12 student meals and the rising costs from the grocer.
What are your thoughts on the costs of food as the economy rolls into the next year?
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