How Food Price Inflation Will Affect Everything You Eat Today

eating sandwich woman


There haven’t been riots in the street, but Americans are starting to notice the rise in food prices.The Daily has a great rundown of how everything you eat today has been or will be affected by the global food crisis.

BREAKFAST: Cereal with bananas

Corn futures nearly doubled last year.

Retail banana prices rose 21 per cent.

Source: The Daily


A pound of coffee cost $4.15 last year, up 13 per cent from the year before.

Duncan doughnuts hiked coffee prices by 9 per cent last year, and expects to hike another 10 per cent this year.

Source: The Daily

BREAKFAST: Orange juice

Orange juice futures doubled in 2010. An industry trade magazine predicts OJ will soon be a luxury item.

Source: The Daily


Retail egg prices rose over 1 per cent in 2010. The government projects a 2.5-3.5 per cent rise in 2011.

Source: The Daily


Retail bacon prices rose 17% in 2010.

Source: The Daily

LUNCH: Apple

Retail apple prices rose 7.4% last year.

Source: The Daily


The average gallon of milk rose 6.9% to $3.32 last year. The USDA projects a 5% rise this year.

Source: The Daily

LUNCH: Bologna and cheese sandwich

Wheat futures rose 35% last year.

Retail cheddar prices rose 8.4% last year to nearly $5 a pound.

Sara Lee has hiked prices for lunch meats.

Source: The Daily


A carton of vine-ripe tomatoes jumped from $7 to $24 last year. A 60-year cold spell in Mexico is expected to double fresh produce costs in coming weeks.

Source: The Daily


Sirloin prices rose 5% last year. Tyson says more hikes are coming.

Source: The Daily

DINNER: Potatoes

Although retail potato prices declined 6% last year in the U.S., prices doubled around the world.

Source: The Daily


The Russian heat wave drove wheat prices up 47% last year. Miller-Coors plans to raise prices.

Source: The Daily

Food inflation will lead to one thing...

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