A trip to the grocery store is costing us more. Pasta, soups and fresh produce have all seen significant price increases. But are there foods that haven’t gone up much in price? Andrew Chang finds answers to these food inflation questions and discovers a secret in the frozen food aisle.
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Which foods have gone relatively unscathed by inflation?
Inflation is a term that most of us are familiar with, as it refers to the increase in the prices of goods and services over time. While it is a normal occurrence in any economy, it can create concerns for consumers as it affects their purchasing power and can lead to an increase in living expenses. However, there are certain foods that have managed to remain relatively unaffected by inflation. Let’s take a closer look at these resilient food items.
1. Rice: Rice is a staple food for many countries around the world, especially in Asia. It is rich in carbohydrates and provides an affordable source of energy. Due to its significant role in the diet of billions of people, governments often strive to keep rice prices stable and accessible for their citizens. Consequently, rice has generally remained relatively inexpensive and resistant to significant price increases.
2. Potatoes: Potatoes are widely grown and consumed globally. They are a versatile food that can be prepared in various ways, making them popular among different cultures. While there may be minor fluctuations in potato prices due to factors such as weather conditions or transportation costs, their affordability has remained relatively steady.
3. Legumes: Legumes such as lentils, beans, and chickpeas are not only nutritious but also relatively inexpensive sources of protein. Due to their high availability and abundance, these food items have managed to maintain their affordability over time.
4. Oats: Oats are a great source of fiber, vitamins, and minerals, and are often used in breakfast cereals and baking. They have not experienced significant inflation due to their widespread cultivation and relatively low production costs.
5. Eggs: Eggs are a versatile and protein-rich food that has maintained its affordability despite inflation in many countries. Eggs are generally produced on a large scale, and their prices are often determined by supply and demand dynamics rather than inflation alone.
6. Bananas: Bananas are among the most popular fruits globally. They are usually imported from countries with favorable climates for banana cultivation. Due to their year-round availability and large-scale production, they have remained relatively affordable, even in the face of inflation.
7. Milk: While milk prices can experience fluctuations due to factors like changes in feed costs or supply disruptions, it has typically managed to maintain its affordability. This is mainly due to government subsidies and support for the dairy industry in many countries.
It’s important to note that while these foods have remained relatively unscathed by inflation, the overall food prices in different regions and countries can still be affected by a variety of factors, including transportation costs, trade policies, and local economic conditions. Additionally, global events such as pandemics or natural disasters can disrupt supply chains and impact food prices across the board.
In conclusion, while inflation affects the prices of many goods and services, there are some foods that have managed to maintain their affordability throughout the years. Rice, potatoes, legumes, oats, eggs, bananas, and milk are among the food items that have experienced relatively stable prices, making them reliable options for consumers seeking cost-effective and nutritious choices.
Ukraine again
And why are they always consulting this so called expert .
Is he the only one in Canada .
Quebec need freedom from canda
I watched this video trying to find out about food inflation. I keep hearing inflation is, lets just pick a number, 4.3%. Does that not mean, an item that was $1.59 would now be $1.65? You mentioned some items have went up by 30-40%. I don't see that, I see where some items have went up 3-4 times the original price (or 300-400%). When bananas were 19 cents a pound and are now 68 cents a pound, that is 350% inflation? Right? This is what I see at my areas stores. I used to spend $50 a week for groceries, I now spend $200 a week to buy the same foods. (400% inflation, not 4% inflation)
you can't use bananas as a metric because groceries stores fix their prices low to compete with each other as a draw, to bring people into the store. the same reason costco sells hotdogs for $1.
I wonder who ended up eating that food from the vehicle. Don't mind me, I'm just a bit hungry right now
You are so handsome!
I find you waste a lot of time . A lot of talk with little substance .
I really enjoy watching Andrew Chang ..intelligent cool guy !
No follow up questions on Ukraine? what was the price increase on commodities before the war and since the war started? Weak 'investigative' journalism.
They want us to eat the frozen crap hence it’s cheap.
Even if there is some corporate greed, no one mentions the inflation caused by the Trudeau governmeent is also to blame and the carbon tax doesnt help at all.
I love content like this, looking forward to more About That!
Peanut butter is and remains fairly inflation proof from my experience. During my student and lean spending youth years it was a stable because of this it stayed at the same price for years. If anything the 2kg tubs have only went up a dollar from memory lately. With saying that it will probably jump 3 bucks now.
You should do the ris and tax’s
we should defund the CBC, thats a start
Helpful to look at this topic. However claiming "pork" has less increase in price than other proteins shows that the content creator failed to look at the cost of bacon which I've seen increase in price steeply in most cases, also the argument that "protein intake goes down" when there is financial stress or strain explaining why pork has gone up less than other meat is ridiculous since that argument should apply to all protein if that's really true and is not a legit explanation for why chicken has gone up more than pork. Also what about canned food? The presentation mentioned frozen food but presumably canned food should not have increased in price as much as fresh food…how about margarine cost increasing 40% because butter has gone up? Does the guest get paid for this ridiculous logic? I'm pretty sure that's price gouging not demand since butter always cost more than margarine
bananas and cereral hasn't gone up much.
Elephant in the room… Most of the reason behind these soaring prices is because of sanctions imposed on Russia. Russia is a world provider in fertilizer and wheat. Ukraine is also a big wheat exporter
While our planet produces enough food to feed the more than eight billion people who inhabit it, systemic inequalities and economic disparities have led to unbalanced distribution and irregular access to agri-food commodities.
Really interesting!
Do this in Northwestern Ontario in a smaller town. The prices are brutal, I just saw a flyer and it showed a box of Raisin Bran for $8.99 , and that's supposed to be a sale. Everything has gone up chicken has gone up in the last month, pork as well. Coffee whole beans went from $19.99 per bag to $23.99. Its outrageous and I'm so angry and fed up because we don't gave options like you do in Southern Ontario. I feel like I'm living g in Mars we are never talked about.
This tells us nothing.