Food charities are not immune to inflationary pressures, says the head of Feeding America

Feeding America President Katie Fitzgerald said on “Varney and Co.” on Thursday that inflationary pressures are impacting operations and pushing more people to seek help, many of whom have never before requested food assistance. She noted that 65 percent of food banks nationwide report soaring demand.

Fitzgerald told FOX Business Stuart Varney, “We are witnessing a hunger catastrophe in this nation that is probably in some ways worse than what we experienced at the height of the pandemic.” “The issue we are observing is that these inflationary pressures do not spare food banks. They must therefore deal with just insurmountable expenses to their business model in order to try to address this issue.”

The Consumer Price Index (CPI), a comprehensive index of prices for necessities, shows that food costs have risen by 10.4% in June compared to the same month last year, outpacing overall inflation. This includes both food consumed at home and at restaurants.

Inflation for food-at-home, which includes food purchases from grocery stores and supermarkets, increased even more to 12.2 percent, highlighting how consumers are not receiving much relief from trying to prepare meals at home.

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During a live report on ” Varney and Co. ” on Thursday, a food bank CEO in Pennsylvania who covers the Philadelphia area said that many individuals are currently “struggling for the first time” due to the inflationary environment.

In the live report, Chelsea Short, the director of communications at Philabundance, said: “A lot of individuals are finding that they are having to choose between paying for a bill, paying for gas, or paying for food.”

Food bank volunteer hands out boxes

She mentioned that as the cost of everything, including petrol and food, has increased, demand for her food bank has increased. Short informed Flock that Philabundance was feeding roughly 90,000 people each week before the pandemic, and that number has since increased to 140,000.

Fitzgerald claims that in addition to facing higher expenses, food banks are also experiencing a decline in food donations due to 40-year high inflation.

“Less food is being donated. It is highly challenging for food banks to get donations of food because of the supply chain and the limited inventories in the food supply chain “Fitzpatrick outlined. Food banks are attempting to buy their way out of this dilemma as a result of the decline in federal commodity food supplies.

However, the president pointed out that the purchasing power of food banks is decreasing as partners with Feeding America anticipate spending 70% more on food expenditures this year compared to last year.

Fitzgerald stated, “Our members are informing us that they are operating on deficit budgets and particularly requesting that people in communities who can help give as much as they can by donating to their local food bank and helping provide food wherever feasible.”

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The president cautioned that the situation was “not sustainable” for food banks.

“Every year, 66 billion pounds of food are wasted in the United States. And we are aware that we can get more of that food back “added Fitzgerald. “We believe that the retail channel alone can recoup another billion dollars.”

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The leader of Feeding America urged a coordinated national effort to address “a problem that can be handled.”
Fitzgerald cited “government, business, food donors, and anybody who can help and raise awareness about this really manageable but really challenging problem.”

FURTHER READING FROM FOX BUSINESS

Business FOX The authors of this paper, Talia Kaplan and Daniella Genovese, contributed.

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