Posted on 08/15/2007 7:08:15 PM PDT by shrinkermd
MIDLAND, Va. — The Labor Department's most recent inflation data showed that U.S. food prices rose by 4.2 percent for the 12 months ending in July, but a deeper look at the numbers reveals that the price of milk, eggs and other essentials in the American diet are actually rising by double digits.
Already stung by a two-year rise in gasoline prices, American consumers now face sharply higher prices for foods they can't do without. This little-known fact may go a long way to explaining why, despite healthy job statistics, Americans remain glum about the economy.
Meeting with economic writers last week, President Bush dismissed several polls that show Americans are down on the economy. He expressed surprise that inflation is one of the stated concerns.
"They cite inflation?" Bush asked, adding that, "I happen to believe the war has clouded a lot of people's sense of optimism."
But the inflation numbers reveal the extent to which lower- and middle-income Americans are being pinched.
The Bureau of Labor Statistics said in its July inflation report that egg prices are 33.7 percent higher than they were in July 2006. Over the same period, according to the department's consumer price index, whole milk was up 21.1 percent; fresh chicken 8.4 percent; navel oranges 13.6 percent; apples 8.7 percent. Dried beans were up 11.5 percent, and white bread just missed double-digit growth, rising by 8.8 percent.
(Excerpt) Read more at mcclatchydc.com ...
I’ll bet the panty hose look like Hilliary’s legs now...lol
The price of milk has been rising since the Clinton years.
I thought all this illegal slave labor was warding off inflation. Or said said Linda Chavez at one time.
I just give them to family and friends.
Although this year I am greenhousing my garden and will extend the production of tomatoes, etc a bit.
And then plant onions, lettuce, cauliflower, etc
You meeting up with the Caravan anywhere? Or coming to the Rally in DC on the 15th Sept?
If so, bring some strawberries!
LOL
my husband hunts and we make our own sausage....
but you got to have milk, fresh veggies, butter, bread etc......
you can make your own bread but with the temps outside at 96 at 3pm who the heck is going be turning the oven on....
the rise in prices DOES have an impact on us, and we are frugal....I can imagine what is happening to people who don't live quite so frugally....
Tiki’s right - it is the rises in the price of oil. And also other factors feeding into inflation of the currency.
In Australia, we have no significant ethanol industry, and no such subsidies, but the rises in food prices, and the general cost of living, are substantial.
There was a thread 2 weeks ago, on rising grain prices throughout the world, and low stocks of both rice and wheat, affecting consumers in Iran and Pakistan. Everyone in the same boat.
we certainly have had a bunch of losers and crooks haven't we....
although the Great President didn't do everything I liked, he by far was outstanding and a true leader....God Bless you Ronald Reagan.....
SSHHHHSH! Archer Daniels Midland has ears everywhere, and if they catch you giving away their scheme for a very profitable taxpayer funded ethanol/biodiesel scam you could be in BIG trouble.
interesting.
well, isn’t our fed
and your equivalent supposed to take care of such details?
Excellent news. Time to diet.
people should develop a taste for home made soup....you can stretch meat a long way and a big pot will last several meals....
people should develop a taste for home made soup....you can stretch meat a long way and a big pot will last several meals....
And the roasted cow pies are mighty tasty!
I can tell you, no one can control the production of food there are just too many variables.
I can’t stand to eat vegetables with no meat at all. One can make meat go a long way if it is used to season other foods rather than as a main dish. Also chicken is still not too bad.
You are right about home made soup or stew. It can be pretty inexpensive and tastes good too.
“My two sons just developed a taste for orange juice and the price doubled in a week.”
FWIW, oranges are picked during the orange harvest season which begins in January and finally ends in June. Any increases in demand btwn July 1 and Dec. 31 will tend to force the price of OJ up.
Obviously, your two sons are the source of the rising OJ price.
I could probably leave a large portion of root crops in the ground up until January, except I just don’t have any luck with growing them .............heck, I even have trouble with radishes. No one has trouble growing radishes, except me. LOL.
Losing my corn crop really bugs me, however, my 500 row feet is nothing compared to the 100’s of acres of corn many of my real farmer friends are losing. I can put in second and late crops of other things because my farming is on such a small scale - they can’t.
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