Hurricane Ian: Will there be a spike in food prices?

Hurricane Ian: Will there be a spike in food prices?

The Category 3 storm Hurricane Ian is expected to make landfall on Florida's Gulf Coast this week.

Several counties in Florida have issued mandatory evacuation orders for vulnerable areas.

Food prices are expected to rise as the hurricane threatens disruption in agricultural supply.

The hurricane is projected to hamper the supply of fertilizer phosphate, impacting the cost of growing food in the US.

Food prices in the consumer price index have surged 11.4% from August 2021 to August 2022.

Nearly every food item has become expensive. Bread was 16.2% more expensive in August than in 2021 while egg prices rose 39.8%.

The average cost of groceries in America is $355.50 a month per person.

With many essential items in short supply and the cost of shipping continuously rising, food prices are increasing.