The latest CPI figures from the U.S. this week showed meat prices are rocketing higher. Consumers are wondering when will rapid food inflation end. The world's largest meat processor warned that labor shortages are crimping production growth, pushing prices higher, according to Bloomberg.

Brazilian company JBS S.A. has meat processing plants worldwide. One of its challenges is labor shortages in every developed country, resulting in limited production and increasing costs.

On Thursday, Andre Nogueira, head of JBS SA's U.S. division, said the problem is most severe Stateside as labor shortages are expected to persist into the new year. He said the lack of workers also impacts operations in Europe, Canada, and Australia.