Posted on 10/12/2022 11:37:54 AM PDT by Red Badger
Food prices surged in September, propelling the producer price inflation gauge higher than expected.
The Department of Labor said on Wednesday that its producer price index rose 0.4 percent compared with the prior month, twice what economists had expected. A big part of the gain stemmed from a rapid rise in food prices.
Consumer food prices rose a seasonally adjusted 1.1 percent compared with the prior month. Compared with a year ago, consumer food prices are up 12.1 percent.
Here are some of the biggest price jumps.
Fresh and dried vegetables: up 15.7 percent for the month and 40.2 percent for the year.
Grains: up 10.7 percent for the month and 30.4 percent for the year.
Fresh eggs: up 16.7 percent for the month and 97.3 percent for the year.
Bakery products: up 0.8 percent for the month and 14.0 percent for the year.
Pasta: up 1.1 percent for the month and 34.1 percent for the year.
Finfish and shellfish: up 2.5 percent for the month and 2.9 percent for the year.
Processed fruits and vegetables: up 2.6 percent for the month and 16.0 percent for the year.
Dairy products: down 1.6 percent for the month but up 18.2 percent for the year.
Soft drinks: up 1.9 percent for the month but up 15.8 percent for the year.
Pork: up 5.5 percent for the month but down 2.0 percent for the year.
Fresh fruits and melons: down 1.2 percent for the month but up 20.7 percent for the year.
Turkey: up 0.5 percent for the month and 38.2 percent for the year.
The Producer Price Index (PPI) resembles the familiar Consumer Price Index (CPI) that is the most commonly cited measure of inflation. Both track changes in prices over time and get released each month.
(Excerpt) Read more at 12ft.io ...
Brandon trying really hard to starve us more than Stalin starved Ukraine.
I’m surprised the mark of the beast hasn’t been implemented yet.
Those greedy farmers are price gouging!!!!!!!
Other than an occasional feed bag, my eggs are free.
As are my avocados, bananas, and cherry tomatoes.
I have a gentleman farm in rural Hawaii, and even our local food hasn’t increased in price a lot. People here just can’t afford it. Food from the mainland has shot through the roof, but we are still cheaper than Seattle area prices.
If you own your home and are debt free, you will probably survive the Democrat instigated economic crisis, but if you are an in debt, renter, city dweller type, you are in for a ride. You probably voted for it. Enjoy.
The local Walmart Grocery currently has 18-count of regular eggs at $5.36.
A couple of years ago [pre-Biden], that same 18-count was about $1.25.
But as soon as that Inflation Reduction Act kicks in ...
If you own your home and are debt free.................
I AM!.....................😊
Before all this is over I might be harvesting squirrels and bunnies from the backyard.
I’m surprised the mark of the beast hasn’t been implemented yet.
Just go to the pet store and buy two bunnies.
In six months you’ll have more than you need...........
They really are trying to starve us.
If you have a Grocery Outlet anywhere near your town, it’s worth a trip. I can usually buy Grassfed Organic ground beef there for $2 less per pound than elsewhere. Norwegian tuna (looks like salmon) that’s delish. Wonderful organic veggies, fresh and frozen, crest toothpaste, various shampoos, bread, milk, eggs, canned goods. . Got a year’s supply of Brawny paper towels at a ridiculous price.
You never know what’s there. It’s sort of an Overstock.com for groceries. Great wine selection too. I walk up and down every aisle every time I shop there just in case I see something I want. Cat beds!
Customers often chat, and are almost always happy about the bargains.
Of course, their prices are going up too.
Our local food banks reported last month that food prices (basically all staples and generic stuff) are up 30%.
It looks like this leads us to a different website.
Here is the original location:
I called my moronic senator, Patty Murray, about prices. Left a message: “30 billion for Ukraine, but what about food prices for children, seniors, people laid off because of virus? What around you going to do about it?”
Murray’s recorded message said someone would get back to me, but of course no-one did.
You gotta feed them.
We have 20+ chickens - I expanded the flock a bit early in COVID, and although they do free range often, they also get layer pellets and feed has really gone up.
Too many cockerels in the last batch of chicks (like usual) so some will get harvested or given away. (The computer tech @ my daughter’s school wants some chickens, so maybe we can work something out, as my laptop died.)
At the checkout stand at the local chain where I shop for groceries, I had 2 products, the checker found no go’s.
One was some small tomatoes in a package leaking and a small tub of cream cheese doing the same.
While I went back to exchange the products, apparently the headquarters via online computer kicked in price increases for those 2 products (may have been the 4 pm time). She reversed the prices via her register.
These items were not on sale, and apparently as noted above the home office or regional sales computer increased the prices like our local gas stations do unless you are filling your tank at that time.
Normally, I’m in this store shortly after 8 am to shop and never seen/heard about the prices increasing between picking them up and checking out. Normally, most of the customers are like me, old/retired in the AM crowd. The typical afternoon buyer is younger and has a shorter list.
Also, apparently only meat products have an actual weight and price per pound in that store and other stores, not the same corporate umbrella.
Governor Newsom should send a strongly worded letter to farmers and ranchers...
Before all this is over I might be harvesting squirrels and bunnies from the backyard.
The Bunnies and quail disappeared in the last depression about 10 years ago.
Our squirrels are very fat and so are the deer.
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