American vegetable prices soar by 11.5%, with rising diesel prices being one of the reasons.

This week, the US government released data showing that in April, the price of groceries in the US rose at the fastest pace in nearly four years, with prices of various foods such as sausages, tomatoes, and cupcakes all increasing. Data from the US Bureau of Labor Statistics shows that the price of fresh vegetables increased by 11.5% compared to the previous year, while seafood prices increased by 6.2%. Several analysts stated that the increase in food prices partly stems from the historic oil price shock triggered by the Iran situation, leading to a rise in diesel costs. Diesel is a core energy source in the food supply chain, powering freight trucks and cargo ships. After fuel costs for suppliers increased, the costs were passed down the supply chain, ultimately raising prices of food in supermarkets. Analysts also added that trade tariffs and food supply shortages caused by extreme weather have further increased some food prices, exacerbating the financial burden on American households. Parker Wild, a food economist at Tufts University, stated, "Once there is volatility in the energy market, price increases will eventually be transmitted to the food sector, which is the current situation." Tensions in Iran have resulted in the country blocking the Strait of Hormuz, a key maritime route responsible for about one-fifth of global oil shipping. The tight oil supply has directly pushed diesel prices to surge. According to data from the American Automobile Association, diesel prices are currently 60% higher than the same period last year, far exceeding the increase in regular gasoline prices. Analysts pointed out that perishable goods such as fresh fruits and vegetables, and meat, are especially sensitive to the increase in diesel prices. These goods have a short shelf life, and if supply chain costs suddenly spike, prices are likely to rise accordingly.