Friday, May 22, 2020

Food Is Cheap, At Least Compared With 4 Years Ago By Dan...

Summary The article that I did was â€Å"Food is Cheap, At Least compared with 4 years ago† by Dan Charles. This article is about how the global food price index is going down, and has fallen to its lowest level in the last four years. It is saying that a lot of different foods are getting cheaper like grains, vegetable oils, sugar, and dairy products. So that means that CPI should decrease now since a family will be spending less money on those products. The only place where the prices are not falling is in the meat industry especially in the beef industry. That is because the supply for beef was decreased after a drought made the suppliers want to decrease the size of the herd. That in turn caused the producers of the beef to have expectations that the future was going to be bleak for them. So they decided to not spend as much in their planned investments. Now because of these past decisions; when the market rebounded it the supply was down. 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