Posted on 03/03/2011 4:59:06 PM PST by Red in Blue PA
ROME (AP) -- Global food prices are the highest in 20 years and could increase further because of rising oil prices stemming from the unrest in Libya and the Mideast, a U.N. agency warned Thursday.
Skyrocketing food prices have been among the triggers for protests in Egypt, Tunisia and elsewhere, and raised fears of a repeat of the food price crises in 2007 and 2008.
Some experts point to key differences compared to those years: for one, the price of rice, a dominant component of regular diets in many parts of the world, is much lower today. Still, aid group Oxfam called the hike "deeply worrying."
(Excerpt) Read more at finance.yahoo.com ...
Let’s increase our subsidizing of ethanol./sarc
But since food and energy are not of the Consumer Price Index there is no inflation.
because of rising oil prices ———————In the U.S. that’s only part of the reason, there’s also Obama’s no drilling moratorium...
“But since food and energy are not of the Consumer Price Index there is no inflation.”
Do you know some people on site claim it is included. No wonder were in such trouble there are so many people who don’t seem to have a clue.
“Lets increase our subsidizing of ethanol./sarc”
There are some DINGBATS on this site that cannot understand that diverting corn away from human consumption WILL drive up the cost of food.
It’s just over their cute little heads to understand it.
I have a questions for the preppers on the thread. I am about to buy another 50# of rice. Seems to me it’s SKYROCKETED in the last 6 months. What price are you paying for 50#? I am seeing $40-$50. Yikes.
But it used to be hence the confusion.
40 to 50?!?! That is frickin’ outrageous! I pay 8.99 for 20#. Now, if you are buying that in a bucket with O2 absorbers and mylar it’s a little high other wise, if it’s just a sack, you are getting robbed.
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