Food prices depend on changes in supply and demand. Climate change is reducing the supply of food, while the demand continues to grow.
Average food prices in 2021 were the highest in almost 50 years. The price of coffee, for example, increased by 30% because of drought, floods, and frost in Brazil. Droughts in Canada, the US, and Russia led to a shortage of wheat. And prices for fruit and vegetables soared due to climate change-related problems in Florida and California.
Food price spikes hit low income families the hardest. In the United States, for example, 40 million households face starvation and malnutrition because they cannot afford enough to eat.
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Source: The Carbon Almanac Footnotes