Posted on 03/16/2011 9:27:01 AM PDT by Nachum
If grocery bills seem higher, you’re not imagining things. Thanks mostly to a sharp increase in fuel prices, the cost of food rose faster in February than in any month since November 1974 — not coincidentally, during a previous energy crisis:
Wholesale prices jumped last month by the most in nearly two years due to higher energy costs and the steepest rise in food prices in 36 years. Excluding those volatile categories, inflation was tame.
The Labor Department said Wednesday that the Producer Price Index rose a seasonally adjusted 1.6 percent in February — double the 0.8 percent rise in the previous month. Outside of food and energy costs, the core index ticked up 0.2 percent, less than January’s 0.5 percent rise.
Food prices soared 3.9 percent last month, the biggest gain since November 1974. Most of that increase was due to a sharp rise in vegetable costs, which increased nearly 50 percent. That was the most in almost a year. Meat and dairy products also rose.
(Excerpt) Read more at hotair.com ...
The list, ping
Let me know if you would like to be on or off the ping list
Whose fault?....
The other reason for food price increases and inflation is that the government is printing money like crazy, just like in the 70s. We never learn anything.
I remember the Gerald Ford days...
Soros and BO campaigned on redistribution of wealth. What the ignorant fools that voted mugabe in office thought was the wealth would be given to them, not to Soros and other countries.
WHAT A CONFEDERACY OF FOOLS: The danger to America is not Barack Obama but a citizenry capable of entrusting a man like him with the presidency. It will be easier to limit and undo the follies of an Obama presidency than to restore the necessary common sense and good judgment to an electorate willing to have such a man for their president. The problem is much deeper and far more serious than Mr. Obama, who is a mere symptom of what ails us. Blaming the prince of the fools should not blind anyone to the vast confederacy of fools that made him their prince.. The republic can survive a Barack Obama. It is less likely to survive a multitude of fools such as those who made him their president.
Thank goodness Obama got his bracket selections finished. His March Madness parties will be costing taxpayers more thanks to the rise in food prices...
Obama&Co. still on the job.It’s going to be a loooooong two years.
This is on Obama. He will try to slither out of it, but it’s his.
There is no inflation according to the government, those high food and gas prices are not real, just like the money you paid for them with.
Since 1974! I hear a song playing.
“Welcome back Kotter (Carter)”.
Lets see:
Nuclear disaster. Check.
Mideast regimes falling. Check.
Runaway inflation. Check.
NASA turmoil. Check.
Lack of confidence in USA. Check.
Disco music. (well you can’t have everything matching)
How’s that COLA working for you older folks.Two years in a row, the Demas have said....No COLA for you!!
How’s that COLA working for you older folks.Two years in a row, the Demas have said....No COLA for you!!
You think that is what Unions are told? Great Ad Unions yes, Seniors No.
Welcome to Jimmah Carter II. By summer, there will probably be gas lines. No one should have to suffer two idiot Democrat presidents in one lifetime.
I wonder how that correlates with fuel prices.
The cost of transporting food has gone up because of the increase in gas prices therefore the cost is partially laid on the consumer in increase food prices
I’ll go out on a limb and predict gas lines before June 2012.
I’ll go out on a limb and predict gas lines before June 2012.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.