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USDA Predicts Surging Food Prices in Coming Year
The Blaze ^ | October 30, 2011 | Christopher Santarelli

Posted on 10/30/2011 6:55:00 PM PDT by JDW11235

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 signals the sharpest acceleration in the food inflation rate from one year to the next since 1978, and makes the increase itself the biggest since 2008, when prices rose 5.5%.” While things may seem bleak for the rest of the year, the USDA projects that prices will rise only 2.5 percent next year.

(Excerpt) Read more at theblaze.com ...


TOPICS: Agriculture; Business/Economy; Chit/Chat; Food
KEYWORDS: 2ndgreatdepression; beprepared; bhoeconomy; depression; food; foodcosts; foodinflation; foodprices; getreadyhereitcomes; greatestdepression; inflation; prepperping; stockupandsave; survivalping; usda
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I did a title and keyword search, and did not find this posted. Even the USDA is finally admitting to rising food costs. I don't know how much we can post from The Blaze, so it's an excerpt only.
1 posted on 10/30/2011 6:55:07 PM PDT by JDW11235
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To: Kartographer; blam

I thought that you might be interested.


2 posted on 10/30/2011 6:56:06 PM PDT by JDW11235 (I think I got it now!)
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To: JDW11235

I see Glenn Beck is wrong again.


3 posted on 10/30/2011 6:57:18 PM PDT by scooby321
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To: scooby321

You’ll have to tell me what you’re referring to for me to follow...


4 posted on 10/30/2011 6:59:00 PM PDT by JDW11235 (I think I got it now!)
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To: JDW11235
I am a very price aware food shopper. I eat a lot of cheaper foods.

I used to have no problem finding 99 cent five pound bags of potatoes. Now they are usually two bucks.

Chicken legs? Now I usually have to pay .69 cents on sale when it used to be easy to find them for .49 cents. Some foods are flat - I can still often find split chicken breasts for .99 cents (the best buy for chicken AFAIC) - and pasta can be found for .89-.99 cents a box - have a nice stash of whole wheat pasta for .99 cents a box.

But my larger point stands that there has been significant spot inflation in many low-end staples.

5 posted on 10/30/2011 7:00:55 PM PDT by dirtboy
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To: JDW11235

Food prices already are out of control. The media doesn’t say one word about obama’s inflation.


6 posted on 10/30/2011 7:02:03 PM PDT by jersey117
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To: JDW11235

http://www.freerepublic.com/focus/f-news/2800129/posts


7 posted on 10/30/2011 7:03:59 PM PDT by jjotto ("Ya could look it up!")
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To: JDW11235

This is bull. When you count product shrinkage, most foodstuffs have gone up 25 to 30 percent. It’s getting kind of scary going grocery shopping.

We used to be considered comfortable middle-class sorts. Not any more. I just shop for the sale stuff.


8 posted on 10/30/2011 7:04:46 PM PDT by mplsconservative (Impeach Obama Now!)
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To: JDW11235

And what’s with this “water added” to ham? We pay dollars per pound for water?


9 posted on 10/30/2011 7:08:00 PM PDT by SkyDancer ("If You Don't Like What I Say Or Do, Tough, Deal With It")
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To: dirtboy

I am a very price aware shopper, too. I have bought foods by using a list, and have been the list maker and budgeter for nearly twenty years. I remember when deli ham was $0.99, or just a few years ago (5 years to be exact), when I moved to this area Ham was about $2.99, London Broil was 99 cents a pound, and petite sirloin steak was $2.29. Today, that london broil is over 3 dollars a pound, and petite sirloin went up to over 7 dollars, but is now back down to around $5, $4 or so on a good sale.

Milk in this area used to be $0.99, at most $1.69 (for whole), just last year, and is now over $2.89 most of the time. Cheese has nearly doubled in the last two years, even at the bargain store (We only have Sam’s, not Costco, here).

I wish I could find whole wheat pasta at that good of a price, every once in a while, it’s about $1.19. Sauce is through the roof, too. Either the price goes up, or the price goes up AN the package size decreases by 20%. I remember shopping with my dad in the 90’s, an hundred dollars would fill 2 carts. Now $200 may not even fill one cart.


10 posted on 10/30/2011 7:09:16 PM PDT by JDW11235 (I think I got it now!)
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To: dirtboy

A 5lb bag here is already $3.99


11 posted on 10/30/2011 7:10:02 PM PDT by driftdiver (I could eat it raw, but why do that when I have a fire.)
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To: jersey117

Nor do they say anything about the nearly 1 in 5 (might be one in 6) people on foodstamps. That’s going to let the price of food skyrocket further, until only when you are on foodstamps (or grow your own food, which is questionable in legality now) will you be able to afford food.


12 posted on 10/30/2011 7:10:54 PM PDT by JDW11235 (I think I got it now!)
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To: jersey117
Food prices already are out of control. The media doesn’t say one word about obama’s inflation.

Amen and amen! I make it a point when I'm given my grocery receipt to tell the cashier that I thank 0bama. Most are pretty receptive.

13 posted on 10/30/2011 7:11:01 PM PDT by mplsconservative (Impeach Obama Now!)
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To: jjotto

Thank you for the link!


14 posted on 10/30/2011 7:12:23 PM PDT by JDW11235 (I think I got it now!)
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To: SkyDancer

The watered ham really makes me angry too. I bought some recently and had to dump water from the frying pan 2 or 3 times before the slice dried out enough to brown. That’s a real racket.


15 posted on 10/30/2011 7:15:25 PM PDT by Bernard Marx
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To: JDW11235

I was just noticing high prices tonight, at Walmart. It’s time to start making more things like bread...I haven’t done that for ages.


16 posted on 10/30/2011 7:17:22 PM PDT by exDemMom (Now that I've finally accepted that I'm living a bad hair life, I'm more at peace with the world.)
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To: dirtboy

I used to buy a package of shredded cheese for my tacos, earlier this year it was $1.86 a package, now it is $2.36...same package, same size, etc.


17 posted on 10/30/2011 7:18:30 PM PDT by blam
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To: mplsconservative

Absolutely. I have noticed that everything is coming in smaller packages. I have learned a trick (tell, if you will), and that is, when you see a package that is large, and that the smaller packages cost less than the big one, that the package size is about to change.

For example, if TP is say 5.99 for a 12 pk, and the 36 pk is $20.00, that means it’s $2.00 cheaper to by the 3-12 pks. But I have found that once they rotate the stock, the new 12 pk’s are 10-20% smaller, and now cost say $7.99. It’s that way with all foods. When there is a really good sale, stock up, because I have found it to mean that the package is about to change. The best sales of the month are typically found on the 1st and 3rd weeks (week of the 1st, and week of the 15th), and remember you can freeze just about anything!


18 posted on 10/30/2011 7:20:17 PM PDT by JDW11235 (I think I got it now!)
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To: SkyDancer

Not just ham, either. Frozen chicken breasts and lots of other items have water added, yikes!


19 posted on 10/30/2011 7:21:02 PM PDT by JDW11235 (I think I got it now!)
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To: Bernard Marx

And canned ham is about maybe 50-60% ham. The rest is water and gelatin and other pork products.


20 posted on 10/30/2011 7:23:08 PM PDT by SkyDancer ("If You Don't Like What I Say Or Do, Tough, Deal With It")
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