Some Perspective on Food Prices

Food prices sure have been going up rapidly and the pinch is on everyone except farmers. At a time like this it is good to put things in perspective, because food prices have been low, many would say unnaturally low, for a long time.

There are almost daily articles in the papers about different companies raising prices. If you look closely though, you will see how long it has been since prices were last raised. There was an article in the April 3rd issue of Nihon Shokugyo which said that milk prices were being raised for the first time in 30 years. In the April 19th issue of Nihon Keizai Shimbun, an article announces that Kentucky Fried Chicken was raising prices on chicken for the first time in 16 years.