00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Grocery prices rose 3% year over year, driven by climate disruption, supply chain instability,
00:08and lingering impacts from Trump-era trade policies, according to Axios.
00:12Coffee prices surged 13.4% as heat and drought impacted crops in Brazil and Vietnam,
00:17while ground beef climbed 10.3% amid drought-driven feed costs and shrinking cattle herds.
00:23Egg prices jumped 27.3%, largely due to bird flu outbreaks.
00:27The USDA notes long-term farm declines in the U.S.,
00:30while global prices spike underscore the growing toll of extreme weather.
00:34Extreme weather, driven by climate change, is already harming crops and raising global food prices
00:39and will worsen without net-zero emissions, according to study author Maximilian Kotz.
00:43For all things money, visit Benzinga.com.
Comments