The effect of inflation on MFB
We've all felt the pinch of rising food and gas prices. But for people who fall into the category of "food insecure," those prices create a budget where the math can't add up.
It's not just a hunch that prices are rising. The Consumer Price Index shows an 8.8% increase in food prices in March 2022, the most significant 12-month advance since May 1981. Prices for food at home rose 10% and food away from home 6.9%.
The food and gas connection means people think about how far they drive to get groceries. Rich Stoller, a volunteer and board member at MFB Texas, is gaining insight into rising costs. He volunteers his time and pays for his gas as he visits food partners served by MFB.
"It makes you aware of how hard it's got to be for people living on the margins," says Rich.
News outlets across the country have been reaching out to Midwest Food Bank to learn how these rising prices impact the food partners we serve and our operations.
"Midwest Food Bank's focus on sustainable growth ensures we are equipped for changes in economic cycles," says Jada Hoerr, Chief Resource Officer for MFB. "Our weeks of supply remain strong with four weeks of food in inventory."
The food price increase is not impacting MFB significantly, as only a small portion of our food is purchased. Some food donors, such as The Kellogg Company, are donating record numbers of food.
"We want to give hope to those who have been impacted," says Jada. "Our mission is to share the love of Christ in all we do."
See videos and more information about some of our partners and those struggling with food insecurity.
For those who wish to help, finanical donations give Midwest Food Bank the flexibility to respond to community need quickly and efficiently.
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