Economy

Pumpkin pie prices higher, thanks partly to climate change

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The Pie Shop in Washington, D.C.

CNBC

As Americans sit down at their Thanksgiving tables, many of the items in front of them will be more expensive than they were last year. Pies in particular. And climate change is a contributing factor.

Inflation is hitting every sector of the economy, and food products are not immune. But many of the ingredients that go into holiday pies have been hit by floods, fires and drought, causing shortages and pushing prices higher.

For example, the crust. Wheat prices are now at the highest level since 2012 and are up over 10% in just the past month. Severe drought in the U.S. west and northern plains caused what the U.S. Department of Agriculture is estimating…



Source cnbc.com

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