Posted on 10/11/2022 7:22:54 AM PDT by Phoenix8
Food costs spiked 11.4% over the past year, the largest annual increase since May 1979, according to data released Tuesday by the Bureau of Labor Statistics.
Americans browsing the supermarket aisle will notice most food items are far more expensive than they were a year ago. Egg prices soared 39.8%, while flour got 23.3% more expensive. Milk rose 17% and the price of bread jumped 16.2%.
Ad Feedback Meat and poultry also grew costlier. Chicken prices jumped 16.6%, while meats rose 6.7% and pork increased 6.8%. Fruits and vegetables together are up 9.4%.
Overall, grocery prices jumped 13.5% and restaurant menu prices increased 8%.
(Excerpt) Read more at cnn.com ...
My wife works at Walmart as a contractor, restocking magazines and books. She says Chicken prices are not only rising fast but even becoming a little scarce (cooked chicken available is sporadic, she said a package of frozen chicken breast now $25).
And yet, inflation is officially 8%? LOL!!!
The GOP needs to spell it out for people, higher prices at the pump and th grocery stores are due 100% because people voted for Democrats instead of Republicans.
> And yet, inflation is officially 8%? LOL!!! <
And that’s the way the Biden administration will handle it.
“We’ve got to think of a way to re-define just what inflation is! Gotta get that number down without actually addressing the root of the problem.”
The orange juice I used to buy is now $5.49 for a gallon of the store brand, and the OJ is from concentrate. I know of a store that sells it for $3.00 a gallon, and have been buying it there for a while.
They hide that the key driver for food costs has been the huge jump in energy costs, most impactfully in the form of diesel and fertilizer.
And that has been an intentional, self-inflicted wound from Biden’s first day in office.
Several months ago that was the case here. Since, they’ve expanded offerings, added bone-in chicken thighs and breasts, which are more in line with the old prices and stock has evened out. They do still have days where they don’t have enough stock for rotisserie chicken.
I’ve switched to bone-in chicken thighs for most things and dare I say, we’re actually saving a little bit over what we used to spend on boneless chicken. I’m able to get a large package for around $8 and that is two dinners for my family...can’t really beat that.
Of course, everything else is still rising. And things like the Walmart frozen vegetables quietly started adding ‘may contain wheat’, because they’re cheaping out on the processing. That one hurts, because those were cheap and convenient and I’m allergic to wheat.
Most of the neighborhood i live in voted biden. They flew their signs with pride and they despise me because of my conservative leanings. Now? The signs are gone and i don’t hear bidens name spoken anywhere. Most of my neighborhood is old and retired. I hope they are struggling under this out of control inflation. You voted for it, CHOKE ON IT.
Five dollar eggs, and 6.49 for a pound of butter. Butter.
If Dems hold onto the Senate, then the voting/vote counting process was seriously messed with.
It’s not just energy costs but labor too. There’s labor issues. Can’t even keep truck drivers these days
As long as their votes are rammed down their faces and memory holes as they suffer. I want them to understand it's THEIR FAULT as well as Biden and the Dems.
The cost of diesel is what is squeezing out many truck drivers.
But diesel is at all points in the value chain:
https://www.thefencepost.com/news/economics-101-as-goes-the-price-of-fuel-so-goes-the-price-of-food/
CNN is using the central banker number and that does not translate to Joe and Jane American.
In simplistic terms if a dollar is worth 8% less than it was 2 years ago (due to government policy) and the energy and labor cost 10% more to make an item and transport it to market (due to government policy) those things stack!
Add in higher operating/labor costs for retailers and that is factored in to the price passed on to the consumer.
All of this is cumulative.
The media parrots the central banker numbers, but that is not the number that you and I are dealing with. That number is only the beginning of the pyramid and for those at the bottom (almost all of us) we are getting crushed.
The “consumer” is paying for the hits all the way up the chain from the mom and pop or big box store all the way up to the Fed.
That is real inflation and it is NOT in the single digits.
I’ve noticed something similar. They (friends and family on Facebook etc) used to rail about Trump, over anything even perceived issues. Any political or economic news and they were in on it with an opinion. Yet The economy was fine, cheap prices etc.
Now they are just quiet. Wouldn’t even think they are political as they don’t even talk about things anymore. And the economy is crap, high prices, crime, stocks dropping…crickets.
Yep, the TDS facebook warriors that posted something nasty daily are as quiet as the church mouse now, totally embarrassed to admit they were partly the cause for all this mess.
Chicken has doubles in price.
Oatmeal has, too.
Fortunately, oatmeal keeps well.
Voters don’t care about “official” inflation data.
What they care about is rising prices that they experience for themselves.
The Democrats are about to learn this the hard way.
Not to worry our politicians are still living like their is no tomorrow..while telling us there is no tomorrow unless we keep giving them trillions of dollars to “save the planet” wink wink.
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