The Impact of Rising Food Prices on Consumers and the Food Industry.

Supermarket prices in the US have risen at the fastest rate in decades, with staples like eggs and bread becoming unaffordable for some. A report from the Government Accountability Office breaks down the various pressures on food prices, with higher costs for animal feed and fertilizer contributing to steeper prices for farmers, while shortages of packaging materials impacted the food-processing stage. The largest component of food production was food processing, which took 25 cents out of every food dollar, followed by retail trade. The report doesn't separate out profits, but research suggests they are a substantial component of inflation.