With all the bacon price-gouging and impending kale shortages(!) going down, it seems like this is the worst time ever to go grocery shopping. But apparently we're living in a discount renaissance, as a report from the Food and Agriculture Organization of the United Nations (FAO) reveals food costs have dropped to their lowest in four years.
The FAO updates its official food price index monthly, and the most recent data-crunching put the index at its lowest since September 2010. The index is specifically measured by the costs of five food types: cereal, vegetable oil, dairy, meat, and sugar. All but meat fell in price, suggesting the fall of '14 is going to be great for home chefs and vegetable oil collectors alike.
Now, as some savvy outlets have been quick to point out, the index numbers aren't quite as rosy as they seem. Worldwide hunger is still a big problem, and, if you look at the index from 10 years ago, these prices don't sound so amazing. But if current costs mean we can score Cap'n Crunch Berries for a (relative) song, we'll take 'em.
Kristin Hunt is a food/drink staff writer for Thrillist, and wonders how many mistaken emails the FAO gets about new toy releases. Follow her at @kristin_hunt.