Food prices are too damn high; here’s what can bring them down

Rising food costs have become one of consumers’ biggest headaches. For many, it’s turned into a full-blown crisis.
In August, home food preparation costs and dining out prices were up 13.5% and 8% from last year, respectively.
Some of the highest increases in food costs: eggs (39.8%), chicken (16.6%) and flour (23.3%).
Why are food costs so ridiculously high?
Europe’s drought is the worst in 500 years. In India — which accounts for 40% of the global rice trade — rice planting has fallen 8% this season from a lack of rain.
That’s the question on everyone’s mind, but luckily, we’re already seeing signs of falling food prices.
The U.N.’s Food Prices Index — which tracks the prices of five breadbasket staples — cereals, vegetable oil, dairy, meat and sugar — has fallen for five consecutive months.
Here’s what could continue lowering food prices:
But we’re not out of the oven yet.
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