Posted on 05/26/2014 12:52:51 PM PDT by kingattax
After five years of the federal government telling the public that despite a $3.5 trillion increase in monetary expansion, the inflation rate is below +2%, the Department of Agriculture (DOA) just warned the American public that the consumer price index for food is up by 10% this year.
The DOA tried to blame food inflation on the drought conditions in California, but last year’s drought was worse and food prices fell by -6%. The real problem is Federal Reserve monetary stimulus is stimulating inflation. I reported in "Food Price Inflation Scares the Fed” two months ago that commodity food costs were exploding on the upside. Given the lag in commodity costs impacting prices on grocery store shelves, annual U.S. food inflation is now running at +22% and rising.
The DOA tried to blame food inflation on this year’s drought conditions in California that they stated may have “large and lasting effects on U.S. fruit, vegetable, dairy and egg prices.” It is true that California droughts are always agricultural issues, since 80% of the state’s freshwater supply is used by farms and ranches.
This has resulted in surface water deliveries to farms and ranches from reservoirs and the California Aqueduct being cut by 32.5%, or 6 million acre-feet.
(Excerpt) Read more at breitbart.com ...
We need more regulation!/s
Parasites hardest hit.
Food prices went way up because;
It snowed.
It rained.
It didn’t rain.
It should have rained.
It was hot.
It was cold.
It’s prolly one of them. Or more likely, it is because the Republicans don’t want to see hussein succeed so they got together with the Koch Bros and raised the prices. At least that is what the liberals tell me.
This is not news. When a McDouble jumps from $1.00 to $1.39 at Mickey D’s, as it has, it’s all the economic indicator anyone should need.
A quarter pounder with cheese was 45 cents in 1980. Do the math.
Who cares, food and housing aren’t a cost of living!
You wish.
The higher food prices go, the more money the government will give out to buy it. Parasites will continue to get the same portion of food as before, even as they make more and more hungry children they can't afford.
It's responsible working class families that don't receive help that will have to cut back.
It's the same with every aspect of the welfare state. Food, healthcare, education -- free money for the worst and irresponsible, while those that work hard get squeezed.
If a Republican occupied the White House this would be the lead story of EVERY news outlet, national and local, every news cycle, 7 days each week!
Early 80’s out parents would give us a buck and we would go to the Jewel-T and buy cans of store-brand or generic soda at a dime a can and then walk to the can recycling machine to get change to buy more. A box of Little Debbie brownies was 79 cents too!
Dale, you have an entire life of living the freedom.
Your tough and you love it here.
Explain why your tough and you love it here!
We have newbie’s on board that would be inspired by your
history.
RR
In other news, obesity up 30%.
Taco Bell had 3 for a buck in 1992.
We had a drive-in that sold the square burger for 15c.
The big burger with cheese was .45 same as McD.
I know these prices because this is how I measure inflation.
It is McDonalds economics.
1000%
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