Food prices to post biggest rise since 1990: USDA

Reuters ^ | 08/20/08 | Christopher Doering

[TigerLikesRooster]

They don't want to be the next Chucky Schumer by running their mouth. What they say could indeed be true. However, they will be crucified well before general public realize it.

[EBH]

Well things are going to swing very quickly and seem like suddenly for many folks. I've been scrimping the best I can already, stocking away a little each week and I tried home gardening this summer thinking what I planted could be frozen. I don't know how to can, wish I did.

The excessively cold summer with lots of rain turned things green, but my harvest of pepper and tomato have basically failed. The squash planted way back in early spring started blooming at the beginning of August, so far no fruits.

Chicken-leg quarters have been on sale for the past several weeks so I bought a few packages of those to freeze. What I have noticed is things like dried peas and beans are getting tougher to find in the grocery store. They seem to be moving them around the store each week! Of course that is frustrating especially when you have to ask and they take you to the specialty food section and try to sell you the same beans priced twice as much!

Prices I've noticed slowly creeping up are things like bacon, pasta (check the wgts. some are no longer 16oz), and cheese. Each week it is a few cents more. Whole chickens seem to be holding at a little over $5 per bird from last summer.

Yeast for making bread jumped .50 recently. It is interesting now with the bread as we have the bread company, the in-store bread, and now a new generic label bread. The generic is .75 a loaf, but about 1/2 the size of a regular loaf.

Prices are going up. And if you think they haven't, check the package size. It may have been reduced a few ounces, like the pasta.

[RSmithOpt]

This fall and through the winter, food will rise another 15%.

I predict the new president will inherit a depression only to be topped by The Great Depression.

I do not see anything on the horizon good for the American consumer with respect to the cost of living.

To make all the matter just that much worse our elected idiots will raise our taxes instead of cutting their actual spending.

This is already happening.

[TigerLikesRooster]

I know, balancing budget by raising taxes, Dem's favorite line.

[Gritty]

In the Godd Old Jimmah Carter Days during the painful trip to the grocery store, one could look forward to having 4 or 5 price stickers on every can - each one higher than the previous sticker. Nowadays, everything is bar coded so you don't notice as much.

It's all related to the high price of oil but once the sheep begin to bitch and look to lay blame, the Dims will blame it on "Big Ag" or "Big Grocery Chain" and hold hearings to posture their concern and browbeat the heads of those companies and threaten to nationalize them!

[M. Espinola]

The Fed would rather exclude energy and food costs, that way things always look better.

[RSmithOpt]

90% of the Dems and the Pubs are cluesless w/ respect to the term of balanced budget.

[TigerLikesRooster]

Actually, increasing taxes to balance budget(w/ no substantial spending cuts) is Paul Krugman’s pet cause for quite a while. He must have many followers in Congress.