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...?
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