Packing Your Kid’s Lunch Will Be More Expensive This Year. The Price of Bread Alone Has Gone up 30% Since 2020.
August 11, 2023
As parents prepare for the back-to-school season, the cost of packing school lunches has risen significantly, with groceries like bread, ham, lettuce, condiments, apples, and juice experiencing price increases of 5% to 15% compared to last year. Bread prices alone have surged by nearly 30% since 2020. These price hikes are contributing to the overall food inflation rate of 4.9% in July, which remains relatively high despite efforts by the Federal Reserve to cool the economy. Commodity costs, such as the impact of Russia’s actions in Ukraine on grain exports, and corporate decisions to raise prices for higher profits are among the factors driving these increases.
Recent News
Tesla’s Supercharger Shake-Up Leaves Uncertainty
Tesla’s recent layoffs have raised questions about the future of its Supercharger network. With close to 500 workers cut, including key figures, Tesla’s move signals a significant shift in its charging strategy. This decision comes amidst CEO Elon Musk’s ongoing efforts to streamline operations.
Formula One Gets Boost in Miami Merchandise Sales
J.P. Morgan Payments steps up to manage transactions for Formula One merchandise during the Miami Grand Prix, on-site and online.
Vodka Introduces New Spirit From Outer Space
In the realm of spirits, innovation is often the key to standing out amidst a sea of familiar flavors. Enter Shooting Star Vodka, a groundbreaking concoction that defies convention with its infusion of a truly extraterrestrial ingredient: a meteorite discovered in 1977. This celestial addition has transformed the humble vodka into a cosmic elixir, promising drinkers a taste experience unlike any other.
Survey Reveals Britain’s Favorite Breakfast Cereal
When it comes to breakfast cereals in Britain, one particular brand has managed to carve out a niche for itself: Crunchy Nut corn flakes. Despite its high sugar content, this classic cereal has been dubbed Britain’s favorite, a title it has held for almost 50 years. Originating from the Kellogg’s factory in Trafford Park, Manchester, in 1980, these corn flakes, enhanced with honey, molasses, and peanuts, exceeded initial sales projections by threefold within the first three months.