The Illinois Farm Bureau wants to provide consumers with the proper answers.
A new website, Farmingforyou.org, explains the five major reasons food prices are on the rise: Energy, Inflation, Demand, Weather and Labor
Energy prices are the #1 reason your grocery bill is higher. And the new site offers additional information why:
Gas TanksCheck all of the sections on the new site for additional information on why food costs are increasing and what you can do to minimize the impact to you.
Truck drivers who bring food to the grocery store have taken a beating at the gas pump– even more than you have. The cost of diesel has jumped twice as much as regular unleaded gas. To keep on truckin,’ trucking companies need to pass some of that increase onto food companies, grocery stores, and the end consumer.
Everything from Styrofoam egg cartons to plastic wrapping around juice boxes is made from petroleum. Food companies try to absorb as much of this costs as possible, but sometimes they need to raise prices to recoup.
Is your budget billing going up? You’re not alone. Food companies have to pay more for the electricity they use to process and package the food so that it is safe and convenient for you.
Source: IL Farm Bureau
- Energy Prices Play a Larger Role in Cost of Food
- Gasoline Prices Rise and So Does Everything Else
- Congress Learns Reasons for Rising Food Costs
- Inflation Surges Due to Fuel Prices
- Big Oil's War on Ethanol
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