Growing Concerns as Inflation Hits a 13-year High
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Family News 

Growing Concerns as Inflation Hits a 13-year High

Last month, inflation hits a 13-year high. Consumer prices jumped to the highest rates since September 2008, indicating soaring demand and decreased supply. According to the Bureau of Labor Statistics, inflation jumped almost 1 percent from May to June this year. It is now up 5.4% in comparison to one year ago. The cost of many consumer goods has risen since the pandemic. Air fares are up 9.6%, furniture is up 7.8% and daily staples, such as coffee, are up 8.1%. Several factors are driving the higher prices of goods…

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Consumer Appetites towards Meat Products
Image Source: The New York Times
Family News 

The Pandemic Has Fuelled Changes in Consumer Appetites towards Meat Products

Consumer appetites towards meat products have changed during the pandemic. Sales for plant-based meat alternatives have risen over the pandemic due to consumers increasing their efforts towards health and sustainability. “What Covid has done is it has enabled people to briefly give some attention to where their meat comes from,” said Pat Brown, the founder of Impossible Foods. Impossible Foods produce plant-based meat alternatives and are encouraging consumers to consider alternative protein options. “We’re not anti-animal meat. We’re just saying there are protein options you need to look at.” Furthermore,…

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