Potatoes, Peppers, Bread, Baby Food Prices Up
The cost of potatoes went up 24.4%, pineapples increased 17.6%, bread went up 8.3% and the cost of baby food went up 6.7% on a year to year basis, while on a month to month basis, the cost of green peppers increased by 21.1%.
This is according to the recently released April Consumer Price Index, which said that “consumers paid 3.5% more in April than they did a year ago for the basket of goods and services included in the CPI,” noting “this marked the highest recorded level of inflation since August 2012.”
As far as year to year, the report said, “The Food sector reported increases in the cost of potatoes (+24.4 per cent), tenderloin steak (+21.7 per cent), pineapples (+17.6 per cent), frozen entrees (+12.8 per cent), bread (+8.3 per cent) and baby food (+6.7 per cent).”
On a month to month basis, the report said, “The Food sector inched up 0.4 per cent in April. Increases were reported in the average cost of green peppers (+21.1 per cent), eggs (+12.3 per cent), lettuce (+9.1 per cent), ice cream (+4.4 per cent) and baby food (+2.9 per cent).”
The island already has a high cost of living, and food prices have been the topic of much discussion lately, as has the island’s inflation rate.
Bermuda imports most food products, and according to the U.S. Bureau of Labor Statistics, for the year ended April 2022, prices for food at home in the United States “increased 10.8% the largest 12-month percentage increase since the period ending November 1980.”
Pew Research states, “The U.S. is hardly the only place where people are experiencing inflationary whiplash. A Pew Research Center analysis of data from 44 advanced economies finds that, in nearly all of them, consumer prices have risen substantially since pre-pandemic times.”
The OECD, which includes 38 countries including most of the world’s largest and advanced economies, said that “inflation projections now stand at nearly 9% in OECD countries in 2022.”
While many local food prices were reported to be up, the latest CPI notes that on a month to month basis, the average cost of wines fell 4.9%.
I only buy food in Bermuda. I order everything online. Bermuda is far too expensive.
BUY BERMUDA? LOL
Good day All,
The big question today is, can we turn back the hand of time in regards to the high prices of food these days? The answer is yes. But it must begin with you and me. We all have a part to play in helping to reduce the high prices of food. Years ago I studied long and hard in ways which I could feed my family from the land. Over time I came back to Bermuda to work with a mindset to help the beautiful people of these islands. In 2016 the Health Department reached out to me through two wonderful ladies, Ms. C. Hollis and Mrs. M. Furbert to start and facilitate a community garden class. As a give back to Bermuda for free, we started a program we call “THE GROW, EAT, AND SAVE GARDENING CLASSES”. This program is an eight-week study of gardening. This program would not be so successful without the free help of our volunteer teachers and leaders who also give their time, energy, and means back to Bermuda. Some of the biggest joys we see are people saving money, eating healthy fresh food, and building a healthy community. For years now we have run this program without asking the government for money. This doesn’t mean that we don’t need help. This means that we are trying to teach all within the program that we can make a difference in society by sharing. Each one helps one. Today many of our students are saving money to be used if they need it, for other needs. Today I would like to encourage all to join the food movement with us and grow, eat, and save. Information on the Food Movement go to https://youtu.be/_CIzBt0L7xY
If you have any questions, contact me, Chaplain Dr. Kevin J.T. Santucci.
“The big question today is, can we turn back the hand of time in regards to the high prices of food these days?”
Not unilaterally. Almost all food is shipped to Bermuda.
The cost of fuel has skyrocketed since the Russian invasion of Ukraine in February.
Also, the Russian theft of existing grain from Ukraine on a commercial scale, the blockade of Ukrainian ports and the likely inability of farmers to plant next year means that the second largest European exporter of food has been effectively shut down.
All of this is having a huge impact on the world economy. Bermuda cannot influence that.
It sounds like you listen to CNN’S BS.
I don’t watch American news.
And I note that you will accuse CNN of offering BS without actually offering an alternative source of verified information.
Troll
This is lovely in theory but some of us are working 3 jobs just to pay rent and Belco. Where exactly are we supposed to carve time out to garden?
I wish.
Where are people supposed to grow food when we’ve concreted over everything and very , very few people have any land on their property that could be tilled into a garden and a small one at that if there isn’t limestone 2 inches below the surface ?
A few dinky wooden 2′ square boxes and a few 5 gallon pots don’t cut it .
What if your landlord doesn’t want to see pots everywhere around with failing attempts to grow a few vegetables ?
Without a proper garden , that still will not yield everything you want all year ’round , you’re still going to have to go to the store to buy nearly everything you need .
People believing they can ‘feed themselves’ will soon find that they will have laid out $200 to get a return in tomatoes (for example) what they could have bought at the store for $40 .
This is all pie in the sky stuff but people should enjoy trying at least .
Nothing teaches humility faster than trying to farm your own stuff .
“Where are people supposed to grow food when we’ve concreted over everything”
Vertical gardening, remember? See https://bernews.com/2020/11/vertical-farming-shoreside-fishing-facility/
Vertical farming .. sure . On their 6′x10′ condo porch .
You get what you vote for