Economic news

Vegetable prices increased by 40% in the US

2022.12.09 13:59



Vegetable prices increased by 40% in the US

Budrigannews.com – Vegetable prices have nearly doubled since last year as a result of water shortages and storms in the states that grow fresh produce for the winter in the United States.

According to the most recent producer price index data from the Labor Department, vegetable prices increased by 38% in November compared to the previous month. The increase was more than 80% year over year. These figures come at a time when food prices have been rising at an unprecedented rate, putting a strain on consumers’ budgets as families try to get over the global pandemic.

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Ranchers in Arizona, who give over 90% of the US’s mixed greens every November through Spring, have seen slices to how much water they get from the Colorado Stream. The US has declared it will keep about a fifth of the water the state’s ranchers get in 2023 as environmental change and dry spell decrease the bowl.

This year’s drought in California, the US’s top agricultural state, cost $3 billion in losses. Additionally, a storm in Florida, the nation’s leading supplier of fruits and vegetables during the fall and winter, resulted in nearly $2 billion in losses for the state’s produce industry.

Vegetable prices increased by 40% in the US

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