Skip to comments.Rising food prices hit consumers at grocery checkout
Posted on 09/19/2011 4:12:08 PM PDT by newzjunkey
Beef, veal, pork, eggs and such dairy products as butter, milk and cheese have seen the biggest increases in the past year, said Richard Volpe, an economist with the U.S. Department of Agriculture.
The price of groceries rose 5.4 percent from July 2010 to this July, according to the USDA's latest report. ...
Now the rising cost of energy, the weaker dollar and growing global food demand are driving the price.
Beef and veal prices are expected to increase as much as 8 percent this year, with pork projected to go up as much as 7.5 percent. Beef prices are expected to climb another 4.5 percent to 5 percent next year as well, Volpe said.
"There are a couple of really good reasons for that. For one and this is a story that pertains to a lot of foods the U.S. dollar is very weak. That means the purchasing power of people abroad is stronger. There is strong demand for our protein-heavy foods, such as meat and dairy," Volpe said.
Exports decrease the domestic supply. Cattle and hog supplies are near historic lows after an increase in feed costs led to a large-scale sell-off of beef and hogs in the United States in 2008, Volpe said.
Droughts and floods also have led to increases in the price of wheat, corn and soybeans, all used for animal feed. Higher fuel prices affect everything, but especially dairy products. ...
(Excerpt) Read more at sun-sentinel.com ...
Five percent since last year? This is a joke. I think the real increase is over ten percent. But, they won’t admit that because it would mean increasing SS and other payment tied to a COLA.
We turn massive amounts of animal feed - corn - into ethanol to continue the alternative fuel boondoggle, so the prices of beef, pork, poultry and everything else that would otherwise consume that corn go up. But I wouldn’t expect Emperor Obama’s commissar of agriculture to mention that.
This is JUST NOW getting attention down there? Its been kicking my families ass here in PA for over a year now.
Kid you not, I can’t go shopping anymore. Guess I have to watch that coupon show or something. My wife on the other hand; I have no clue how she does it without sticking the store up, God bless her.. ;)
COLA...yeh...guess what’s going to happen...They’re going to give us COLA next year than take it ALL back for Medicare B.
I agree. Our grocery bill has certainly jumped more than 5% in the last year. 5% does not equate to the dollar amount we are paying above what we were paying. Higher fuel costs are being dropped on groceries also.
It’s getting crazy. Stuff is easily 25% higher to 50% higher. Packages are getting so small, I just don’t bother buying some stuff.
Chicken legs? from 49 cents to 69 cents.
Split breasts? From 99 cents to 1.19.
All prices are the consistent sale prices.
That is a lot of inflation in the basics for anyone on a tight budget.
Obama’s Middle Class Tax
our business is bulk ag. All of our transport costs are going up. We pass those costs on to our customers. For example, tires for our trucks have increased 8%, now at $440/per tire. ($52 per tire is Federal Excise Tax) Crop production is down an average 15% so far and the elevators have emptied out.
Blame it on blam who wouldn’t let Katie out of bed to bar the door!
And in this economy, when salaries are stagnant, it doesn't do much for those people.
And the sick thing is that the inflation bites the poor the hardest.
Just paid $10 a gal (or less) of basic - cheapest I could find - ordinary kitchen oil...what about that?
The author of this is probably some retired government employee, receiving his lottery style government pension.
Else he's been asleep for years now.
Ramen noodles have gone up too (.14 cents a pack). But I can get my pork for the price of a little bit of time and a round of ComBlock metalcase 223.
I've noticed that, too. Fried chicken is as hard on your wallet as your arteries nowadays.
Energy is the lion’s share of this. If the Bachmann plan for forcing OPEC to cut its prices (drill, baby, drill all over the USA) were put into effect, food prices would cool and might even deflate compared to the last time oil was at that point.
Good! May be my wife will now go on a diet? Hahaha
The GOP at all levels needs to hit on this theme next year. Inflation is real, under reported and we all can see it in our lives. Everything that matters, gas, food, heating, etc costs more than 4 years ago, a lot more. This is a clear and winning issue that we can beat over the heads of Democrats. I can dream right...?
Don’t forget the drought here in cow country. It will affect prices for at least four more years.
I am up to 62 birds....ducks, geese and chickens. I should have at least 200 to 300 at this time next year.
I sure hope my family learns to like eating ducks and geese. ;>) I’m told that Muscovy duck tastes like beef.... that would be great.
Too bad pipelines can’t be set up to bring water into these chronically parched areas from areas of the US that chronically flood. Water water everywhere, except where you want it.
Who cares? I just swipe my EBT, yo
For 2008, it was 215.495, for 2010 it was 214.136. Since the 2010 number wasn't higher, there was no COLA. I don't think anyone expects that number to be lower this year. It's more of a question of the size of COLA coming.
Latest estimates say the COLA could be 3.5% for 2012. Headline News
Normally scanners are set up to recognize bona fide coupons, which are rebated at a reasonable rate by the companies they promote. But multiple-couponing is going the way of the dodo, until food price pressures ease.
Well even food stampers should care, because the stamps/EBTs are issued in quotas measured in dollars. They are hit by higher prices too.
And the EPA wants to control DUST on farm and ranches.
Can’t have dusty cows and chickens no sir ree!
The establishment wings of the parties don't dare. Congress has the enumerated power to regulate the value of money.
I am probably not a typical purchaser of groceries. I lost my wife a few years ago and am not much of a cook. Typically I buy things which can be microwaved, or heated on a stove.
For what it is worth, my food costs have gone up dramatically, much more than 6%. I did notice around 6 months ago, many things went up by a huge amount, sometimes doubling in price. They have come back down but not to what they were a year ago.
5% my hiney. The same buggy of groceries that cost $150 in spring is $200 now.
And Michelle tells us to eat healthy. Healthy isn’t cheap.
Hell, the cheap stuff isn’t cheap anymore.
Win preferably win BIG in 2012 or I see a slow slow death.
I wish! Our prices are way higher than that!
I suggest you get on it and learn as best you can, sir. I don’t see prices coming down. Grow some greens in a bucket. Turnips are super easy, eat the root and the leaves. Same with radish. Buy rice in bulk. beans too. Lots of info here and other places on the web. (I live on fish, wild pig, beans and ramen/rice for very little.)
Lots of frugal FReepers here to learn from. Just a thought.
Since I’m a stock up kind of person, I buy strictly sale goods and fill in with what I have.
We just moved to a more rural area of Ohio, down on the river across from W. Virginia. We now have two acres of very fertile land. We moved here too late to put in a garden this year, but our neighbors had a bumper crop of everything and kept us in produce most of the summer (great with four growing kids). One of the neighbors has chickens and has promised us one or two next year. Their 14 y.o. son is going to plow up a garden for us (they do a lot of truck farming and own a greenhouse a few doors down). I’ve started learning how to can produce so when the garden produces next year, I’m ready ;)
I believe by this time next year INFLATION will be one of the three primary issues to voters.
I actually grew up on a farm. Even after my parents quit farming they always had a large and excellent garden. I am fortunate in a way. I have all kinds of fruit trees including apples, pears, figs, Japanese persimmons, pecans, scuppernongs, plums, and satsumas. The apples are not all that great, (this is NW Florida) but the other fruit is good.
I do grow a small garden but only tomatoes and watermelons. Just getting too old to do more.
Times really have changed. I can remember Mother killing a chicken for dinner. We would kill hogs in the Winter. Always had a milk cow. Mother never bought anything pre-cooked. We probably could have survived without any store bought items but you do need a few things such as salt, pepper etc.
Hit the food market about 11am. By then the butcher has marked down the prices of meat that expire that day. Instead of paying $2.99 p/lb for chuck roast, the butcher has stuck a $3 discount tag on the package, so I buy a 3 lb. roast for $6. I stick it the freezer and make a pot roast on Sunday.
Same with fish. Go to your fish department on late Friday afternoon. If the fish monger has a big stack of fresh cod or ocean perch on ice in the cooler, ask if he’ll take half-price for a few pounds. Sometimes he will, sometimes not. I’ve bought fresh cod, my favorite, for as little as 99¢ p/lb.
Ditto with catfish. I’ll tell the guy I need $1 of catfish for the cat. He’ll toss in a pound or more and charge me a buck. Saves on the cost of catfood and keeps the mouser fat and happy for days.
In these times, sometimes you gotta be a scrounge to eat well.
I see lots of omelettes in your future:)
Well forgive me, lol. You know better than me! Good luck anyways! Sorry.
Do you know that the corn’s sugar only is used to make ethanol,and the remaining protein is used as high quality animal feed?Do a little research please.
In my area a gallon of whole milk was about $3.85 last year and is now $4.60.
The price of milk is killing us with four kids. Our (almost) four year old drinks a lot of it by himself. Aldi will a lot of times have it for very cheap and I’ll stock up. I found out you can freeze milk and I’ve got four gallons in the chest freezer in the garage. Last week I picked up whole milk for 99 cents per gallon (near the expiration date, but going in the freezer).
Very true, and then some.
Examples: I've observed a gallon of a quality name-brand chocolate milk has gone from $3.69 a gallon last year to currently $6.49 a gallon.
Real Cheese: Package of 24 single slices from $2.59 to 4.19 a package. My point: For every $6.28 I used to spend.. I must now spend nearly $10.68 for the same product, same content.. all thanks to inflation.
This thread got me to thinking. It really is amazing how our cooking and eating habits have changed over the last century.
My Granddaddy outlived grandmother by several years. When he was in his mid 80’s he was still living alone and taking care of himself fairly well.
One thing Grandpa did was keep a frying pan full of grease on the stove. He typically fried something every day. One day one of his daughters came by and noticed the frying pan. She poured out all the grease, scrubbed the pan and refilled it with fresh oil.
The next day, my Daddy stopped by to check on him. He complained that Aunt Mary stole his grease. He suggested that she was selling it.
bho... mmmmmmmmmmmm... mmmmmmmmmmmmm... mmmmmmmmmmmmm
The prices I quoted were on the civilian side. We get whole milk for about $3.00 per gallon at the nearby Commissary at the military base.
Our 16 year old son hits the milk pretty hard. I do not drink it as much as I used to. Vegetables, on the other hand.....