00:00How much do you think this dill is worth at the grocery store?
00:02I feel like it would be cents.
00:04A dollar maximum.
00:06It's actually $2.99.
00:07How are we supposed to pay $2.99 for that?
00:19How much do you think this bag of lettuce is worth at the grocery store?
00:22Two dollars.
00:23Three dollars.
00:23One dollar fifty.
00:25It's actually eight dollars.
00:27As a college student, that's rough.
00:29Do you feel like that's a rip-off?
00:30Depends on how good the lettuce is, I guess.
00:32How much do you think these strawberries cost at the grocery store?
00:35In Texas, they'll be about three dollars.
00:37Ten dollars.
00:38Ten dollars is unfortunately correct.
00:40How much do you think these cherry tomatoes are worth at the grocery store?
00:43Two dollars.
00:44Six ninety-nine.
00:45Eight dollars.
00:46They're actually eight dollars.
00:47Would you buy it?
00:48Can I see the weight?
00:51Probably not.
00:52How much do you think these jalapeno peppers cost at the grocery store?
00:55Two fifty.
00:55Three ninety-nine.
00:56It's actually five dollars.
00:59I usually go to the mercado.
01:01We just sell it for like five for like a dollar.
01:03Why do you think food is getting more expensive?
01:05Economy's changing.
01:06Things are going up.
01:07Everything's going up.
01:08Okay guys, let's get real.
01:10So inflation is a rise in prices, which means the decline in people's purchasing power.
01:14Like if you wore red lipstick to impress the hottest girl in school,
01:18but then everyone started wearing red lipstick,
01:20you would have less power and lipstick would lose its value.
01:22So why are we seeing super high prices for food right now?
01:26Well, the food supply is low.
01:27For one, transportation costs are higher.
01:30Did you know that 80% of lettuce is consumed on the East Coast
01:32and 95% of it is produced on the West?
01:35You know what they say about long-distance relationships.
01:38Another reason is to avoid food waste.
01:40As much as 40% of produce goes to waste from production to the shelf.
01:44Talk about being all dressed up with nowhere to go.
01:47And finally, the supply chain disruptions between COVID and the Russian war.
01:51Like Ukraine was the world's biggest wheat producer.
01:53People are having to go to other producers of wheat just to get it.
01:56And it's raising the cost.
01:58But before you resort to instant noodles, you have to try growing your own food.
02:26How much do you think this dill is worth at the grocery store?
02:37That dill? I'd almost say like $5.
02:40It's actually $2.99.
02:42That's still a terrible price.
02:43I would probably try to grow it myself.
02:45Like you could grow dill.
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