• 4 minutes Ten Years of Plunging Solar Prices
  • 7 minutes Hydrogen Capable Natural Gas Turbines
  • 10 minutes World looks on in horror as Trump flails over pandemic despite claims US leads way
  • 13 minutes Large gas belt discovered in China
  • 3 hours Rioting and Protesting
  • 10 hours Trump waves a Bible
  • 6 hours George Floyd’s History
  • 7 hours US and Australia Sign SPR Lease Agreement
  • 12 hours Healing, Not Hatred
  • 14 hours Coronavirus hype biggest political hoax in history
  • 1 hour China To Boost Oil & Gas Exploration, As EU Prepares To Commit Suicide
  • 3 hours The Downside of Political Correctness
  • 1 hour Let's try to link the recent events back to the situation with oil production and pricing
  • 1 day Anti-Lynching Bill
  • 12 hours Let’s Try This....
  • 7 hours China’s Oil Thirst Draws an Armada of Tankers
  • 9 hours Trumps Oil Industry....
  • 19 hours China to Impose Dictatorship on Hong Kong
  • 13 hours Chicago Threatens To Condemn - Possibly Demolish - Churches Defying Lockdown
Gail Tverberg

Gail Tverberg

Gail Tverberg is a writer and speaker about energy issues. She is especially known for her work with financial issues associated with peak oil. Prior…

More Info

Premium Content

Food Prices 18.5% Higher than a Year Ago

I am busy working on some bigger projects that I can’t write about yet, but I thought I would put up a little scanned in section from today’s WSJ relating to food prices. Food prices are now 18.5% higher than a year ago, and higher than when they reached their peak in 2008.

Farm product prices

High food prices are a concern, both for poorer people in the US, and for the huge number of poor people around the world. If food prices go up, many will not be able to pay for sufficient food for a well-balanced diet (assuming they could in the past). And of course, as food prices go up, people will cut back on spending on more discretionary items, since they have to eat.

The current rise in prices does not look like it has hit a maximum yet. The recent run-up in oil prices may not be fully reflected in the food costs. All of this is concerning.

By. Gail Tverberg

Gail Tverberg is a writer and speaker about energy issues. She is especially known for her work with financial issues associated with peak oil. Prior to getting involved with energy issues, Ms. Tverberg worked as an actuarial consultant. This work involved performing insurance-related analyses and forecasts. Her personal blog is ourfiniteworld.com. She is also an editor of The Oil Drum.


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News