I don’t claim to be an expert economist but here are a few things I know for sure.
Interest rates have skyrocketed from where they were only a short time ago with no seeming effect on rising prices, especially when it comes to food prices.
The people that grow our food now have to pay a carbon tax. The people that ship the food to the processor have to pay a carbon tax and the people that process the food have to pay a carbon tax. The people that produce the packaging for the food have to pay a carbon tax as do the people who ship that packaging to the processing plants.
Once the food is packaged, the shippers that ship it to the distribution centres have to pay the carbon tax and of course, the distribution centres have to pay their fair share too. The shippers that ship from the distribution centres to the retail locations pay the carbon and so do the retail locations.
This applies to everything we buy and, being the end consumers, borne by all of us.
It would be interesting to know what percentage of our food costs are made up of the carbon tax and CEOs’ multi-million-dollar compensation packages.
So, is it demand vs supply issues that are driving the price increases, or a brand new tax on just about everything we buy, applied all the way through the supply chain?