IFD Foodservice Distributor
  • Home
  • Customer Portal
    • Shop IFD (Cut+Dry)
    • How to Order
    • Request A Nutritional
  • Careers
    • CDL Driver
    • Order Selector
  • About
    • Why Choose IFD
    • Timeline
    • Blog
    • Community >
      • Donation
      • Support Local
    • Privacy
    • Supplier Partners
  • Products and Services
    • Bookings
    • IFD Buying Show
    • Chemical & Beverage >
      • Safety Data Sheets
    • Coupons
    • Exclusive Brands
    • Market Trends
    • Menu Design
    • Menu Inspiration
    • New at IFD
    • Produce
  • Who We Serve
    • Territory
    • Caterers
    • Assisted Living
    • Restaurants
    • Education >
      • Resource Portal
      • ServSafe
      • LunchBytes Links
    • Correctional Facilities
    • Healthcare
    • Government Programs
  • The Market at IFD
    • About
    • Current Ad
  • Contact
    • Contact
    • Become a Customer!
  • Home
  • Customer Portal
    • Shop IFD (Cut+Dry)
    • How to Order
    • Request A Nutritional
  • Careers
    • CDL Driver
    • Order Selector
  • About
    • Why Choose IFD
    • Timeline
    • Blog
    • Community >
      • Donation
      • Support Local
    • Privacy
    • Supplier Partners
  • Products and Services
    • Bookings
    • IFD Buying Show
    • Chemical & Beverage >
      • Safety Data Sheets
    • Coupons
    • Exclusive Brands
    • Market Trends
    • Menu Design
    • Menu Inspiration
    • New at IFD
    • Produce
  • Who We Serve
    • Territory
    • Caterers
    • Assisted Living
    • Restaurants
    • Education >
      • Resource Portal
      • ServSafe
      • LunchBytes Links
    • Correctional Facilities
    • Healthcare
    • Government Programs
  • The Market at IFD
    • About
    • Current Ad
  • Contact
    • Contact
    • Become a Customer!

Food inflation: multiple factors spur ongoing rise, continuing into '23

4/22/2022

0 Comments

 
Beyond such widely acknowledged factors as labor shortages, higher fuel costs and supply-chain disruptions from the pandemic, other factors helping to drive up the price of food have surfaced in recent weeks, The Washington Post reported.
The war in Ukraine is having a large effect on U.S. food prices, the newspaper relayed. For one, corn used for animal feed and ethanol is nearing 10-year highs. That’s partly due to a Biden administration decision to allow summer sales of high-ethanol gas to ease the rise in fuel prices since Russia’s invasion. But as feed accounts for 60% of the costs of raising livestock, expect prices to climb for beef, pork and poultry. 

Escalating fertilizer prices tied to Russia’s war in Ukraine could also be a factor for meat in that slaughter houses often use fertilizer for carbon dioxide use to stun animals, the Post reported.  
Lesser known to average Americans than to those in the meat industry, the worst outbreak of avian flu in the U.S. since 2015 has prompted a surge in chicken, turkey and egg prices, the newspaper noted. 

California’s ongoing drought and the decision by Texas to increase inspections of commercial vehicles crossing the border are other lesser known factors in rising food costs, the Post added.
People should expect food inflation to continue this year and in 2023, BofA Securities analyst Alexander Lin wrote in a note to investors. 
​
But Lin, for one, thinks Russia’s invasion of Ukraine has not yet hit prices at U.S. grocery stores, but rather will “lead to sustained price increases later this year.” 

Americans are eating more than in the past, and companies are now comfortable with passing along the costs, according to the analyst, who expects food inflation to “stay hot this year at around 9% [for the 12 months ending in the fourth quarter] and rise another 4% in 2023.” ​
0 Comments



Leave a Reply.

    Author

    Write something about yourself. No need to be fancy, just an overview.

    Archives

    June 2026
    April 2025
    March 2025
    February 2025
    December 2024
    July 2024
    April 2024
    February 2024
    December 2023
    November 2023
    October 2023
    August 2023
    July 2023
    June 2023
    May 2023
    March 2023
    February 2023
    January 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    June 2021
    May 2021
    January 2021
    August 2020
    June 2020
    April 2020
    April 2014
    February 2014

    Categories

    All
    About IFD
    Industry Trends
    K12 Segment
    Menu Inspiration
    Product Information
    Restaurants

    RSS Feed

Contact

313 N Hastings Pl
Eau Claire, WI 54703
800-873-0131
715-834-6513

online

eInFoLink
​How to Order & to Request a Nutritional

about

​Why Choose IFD
Blog
Community 
Supplier Partners
​Timeline


​

careers

Current Opportunities
Application PDF
​Online Application

distribution

Territory
Restaurants
Caterers
Assisted Living
​Education
Correctional Facilities
Healthcare
Government Programs

The Market

About
Weekly Ad
IFD's Privacy Statement