IN-DEPTH: Climate Agenda Will Spark Another Round of Food Price Hikes, Analysts Say

As inflation remains stubbornly high, farmers throughout the West are warning that cost increases from the net-zero movement will drive food prices still higher, while putting many smaller farmers out of business.  January inflation numbers showed that prices increased by 3.1 percent over what they were a year ago, indicating that the fight against inflation, while progressing, has not been won. This adds to the more than 17 percent cumulative inflation rate between when President Biden took office in January 2021 and the end of 2023.  Americans are struggling in an economy in which, by official statistics, nearly one-fifth of the value of their dollars has evaporated in three years—though many will say the cost of food and other essentials has become more expensive than what the official numbers state. ...