MLive published an article using the ingredients needed to make a batch of chocolate chip cookies to explain the high costs of food products today. Inflation has caused ingredients like flour, sugar, eggs, and oil to rise well into double digits. The war in Ukraine has prevented much of the grain produced there to get out to markets, driving up the costs from other suppliers. “Even under the most optimistic assumptions, global wheat prices will remain high throughout 2022 and the trend is likely to persist through 2023, given limits on expanding production,” analysts at IFPRI said.
Food inflation – explained through a chocolate chip cookie recipe (MLive)
September 05, 2022