Keyword: foodinflation
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Share the things you do to combat food inflation.
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USDA raised its estimated range of 6.5%-7.5% y/y increase from a range of 5%-6%, according to the May Food Price Outlook report, the highest forecast for all food prices and restaurant prices since 1981, and the highest grocery store price boosts since 1980. USDA raised its estimated range of 6.5%-7.5% y/y increase from a range of 5%-6%, according to the May Food Price Outlook report, the highest forecast for all food prices and restaurant prices since 1981, and the highest grocery store price boosts since 1980. The biggest increase is eggs for the second month in a row, hiked to...
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It's about a 4 per cent increase between the benefit increase and the increased expense deduction. Heard about this increase and searched 'Bing News' and Google News' and found nothing. Finally found this Pa. state welfare site that mentions it.
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The USDA has released their projections for food price inflation in 2011/2012, showing troubling forecasts that may send you to the grocery store today, before paying higher prices tomorrow. The report shows that the Consumer Price Index (CPI) for all food increased 0.8 percent between 2009 and 2010, and is forecasted to increase 3.5 to 4.5 percent in 2011. Items that are expected to inflate the most include beef, cooking oils, and seafood. Processed vegetables and beverages were projected to to see smaller changes in the CPI. The Wall Street Journal notes that “the midpoint of the new USDA outlook...
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The first map is a disturbing illustration of food and inflation riots around the globe in 2011 (updated through Feb. 19) I came across on Google. Most of the inflation riots and protests are concentrated in the MENA (Middle East and North Africa) region, but as you can see on the Google map, they are starting to migrate into Europe, as well as China and India. In the U.S., anemic growth, an ongoing housing depression, high unemployment and two rounds of quantitative easing (QE) probably have laid a pretty solid foundation for a similar riot map if Chairman Bernanke decides...
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PORTLAND -- Get ready to pay double or even triple the price for fresh produce in the coming weeks after the worst freeze in 60 years damaged and wiped out entire crops in northern Mexico and the southwestern U.S. The problem started less than a week ago, when our nation was focusing on the Superbowl and sheets of ice falling from Texas Stadium. Farmers throughout northern Mexico and the Southwest experienced unprecedented crop losses. Now devastation that seemed so far away, is hitting us in the pocketbooks.
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Food price inflation is the topic du jour, with a run up in wheat, corn, and soy causing panic amongst those concerned their wages won't stretch to meet the new costs. But, actually, food is cheaper than it has ever been, according to a chart from MJ Perry. Well... the key is that as a percentage of disposable income food prices remain ridiculously cheap. Yes, they've gone up, and sure wages have gone down, but it's all about perspective. Food prices aren't a big crisis, at least in America.
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Kevin Gaffney had to face up to a double setback on Friday. The 53-year-old, made redundant by the airline that employed him at London’s Heathrow airport, was obliged to sign on for jobseeker’s allowance for the first time. And just when his income was at an unhappy ebb, what struck him at the supermarket where he stopped off for provisions was how much food prices were on the rise.
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LUBBOCK, Texas (AP) -- If you think the cost of gassing up your car is outrageous, wait until you need to restock your pantry. The price of wheat has more than tripled during the past 10 months, making Americans' daily bread -- and bagels and pizza and pasta -- feel a little like luxury items. And baked goods aren't the only ones getting more expensive: Experts expect some 80 percent of grocery prices will spike, too, and could remain steep for years because wheat and other grains are used to feed cattle, poultry and dairy cows. "It's going to affect...
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