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U.S. Food Inflation Running At 22%
Brietbart ^ | 5-26-2014 | Chriss W. Street

Posted on 05/26/2014 7:12:08 PM PDT by blam

Chriss W. Street
26 May 2014

After five years of the federal government telling the public that despite a $3.5 trillion increase in monetary expansion, the inflation rate is below +2%, the Department of Agriculture (DOA) just warned the American public that the consumer price index for food is up by 10% this year.

The DOA tried to blame food inflation on the drought conditions in California, but last year’s drought was worse and food prices fell by -6%. The real problem is Federal Reserve monetary stimulus is stimulating inflation. I reported in "Food Price Inflation Scares the Fed” two months ago that commodity food costs were exploding on the upside. Given the lag in commodity costs impacting prices on grocery store shelves, annual U.S. food inflation is now running at +22% and rising.

The DOA tried to blame food inflation on this year’s drought conditions in California that they stated may have “large and lasting effects on U.S. fruit, vegetable, dairy and egg prices.” It is true that California droughts are always agricultural issues, since 80% of the state’s freshwater supply is used by farms and ranches. This has resulted in surface water deliveries to farms and ranches from reservoirs and the California Aqueduct being cut by 32.5%, or 6 million acre-feet.

But “large and lasting effects” on agricultural production in California will be avoided this year by pumping 5 million acre feet of groundwater from underground lakes, known as aquifers. The aquifers are a relic of the era when the Pacific Ocean covered much of the state. California has over 850 million acre feet of water stored in 450 known groundwater aquifers, enough to cover the state to a depth of 8 feet.

(snip)

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


TOPICS: News/Current Events
KEYWORDS: fed; food; inflation; prices
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'Hat-Tip' to FReeper Excellence for the article.
1 posted on 05/26/2014 7:12:08 PM PDT by blam
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To: Excellence
Posted here exactly one month ago today:

The Real Inflation Fear - US Food Prices Are Up 19% In 2014

2 posted on 05/26/2014 7:14:08 PM PDT by blam
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To: blam
Not to worry.

The feral government has been telling us that the reason we are so fat is because food is too cheap.

Who said the feral government can't do anything right?

3 posted on 05/26/2014 7:14:23 PM PDT by E. Pluribus Unum ("The more numerous the laws, the more corrupt the government." --Tacitus)
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To: blam

Bob Brinker, the host of the radio show Moneytalk thinks anyone who claims that food prices have gone up much faster than the low official government numbers is a kook. I used to respect Brinker.


4 posted on 05/26/2014 7:18:15 PM PDT by SpaceBar
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To: blam

Hussein doing a good job. Yes we can and all that BS.


5 posted on 05/26/2014 7:19:49 PM PDT by boycott
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To: blam

. . . and my garden gets bigger and bigger.


6 posted on 05/26/2014 7:20:02 PM PDT by goodwithagun (My gun has killed fewer people than Ted Kennedy's car.)
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To: SpaceBar
Prices of prepackaged goods may not be going up, but the size of the packaging has gone down.

Bottom line = less product for the same about of money.

7 posted on 05/26/2014 7:20:50 PM PDT by gov_bean_ counter (Romans 1:22 Professing themselves to be wise, they became fools)
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To: E. Pluribus Unum

Exactly. Last week I saw story after story saying that food is too cheap.


8 posted on 05/26/2014 7:21:08 PM PDT by Proud2BeRight
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To: blam

Stagflation.


9 posted on 05/26/2014 7:21:49 PM PDT by BenLurkin (This is not a statement of fact. It is either opinion or satire; or both.)
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To: goodwithagun

smart gardener! Go bigger! No Glyphosate or GMO. All will be in abundance!


10 posted on 05/26/2014 7:22:50 PM PDT by acapesket
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To: blam
Heard new word on this “FoodFlation.”
11 posted on 05/26/2014 7:24:44 PM PDT by SandRat (Duty - Honor - Country! What else needs said?)
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To: SpaceBar

Haven’t listened to him in a long time. Guess just as well.


12 posted on 05/26/2014 7:24:50 PM PDT by wally_bert (There are no winners in a game of losers. I'm Tommy Joyce, welcome to the Oriental Lounge.)
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To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...

The list, Ping

Let me know if you would like to be on or off the ping list

http://www.nachumlist.com/


13 posted on 05/26/2014 7:25:04 PM PDT by Nachum (Obamacare: It's. The. Flaw.)
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To: blam

No inflation except on trivial things like food, gasoline, utilities, healthcare.........


14 posted on 05/26/2014 7:26:08 PM PDT by Proud2BeRight
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To: SpaceBar
"Bob Brinker, the host of the radio show Moneytalk thinks anyone who claims that food prices have gone up much faster than the low official government numbers is a kook. I used to respect Brinker."

I just had dinner with a couple Chinese restaurant owners, they say wholesale food prices are killing them.

15 posted on 05/26/2014 7:26:19 PM PDT by blam
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To: acapesket

All hierloom.


16 posted on 05/26/2014 7:27:27 PM PDT by goodwithagun (My gun has killed fewer people than Ted Kennedy's car.)
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To: Proud2BeRight

“Exactly. Last week I saw story after story saying that food is too cheap.”

I think Obama thinks gas is too cheap too.


17 posted on 05/26/2014 7:27:47 PM PDT by staytrue
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To: SpaceBar

I quit listening to Brink head when I heard he supported the O


18 posted on 05/26/2014 7:28:52 PM PDT by goodnesswins (R.I.P. Doherty, Smith, Stevens, Woods)
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To: blam

so... invest in food stocks as the prices will be soaring

check


19 posted on 05/26/2014 7:29:15 PM PDT by sten (fighting tyranny never goes out of style)
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To: SpaceBar

Brinker and Ric Edelman scare me. All this happy talk. It’s like they don’t even see the 100’s of trillions in debt.


20 posted on 05/26/2014 7:29:41 PM PDT by 4Liberty (Optimal institutions - optimal economy.)
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To: blam

This is the Obama administration wagging the dog to blame this all on climate change.


21 posted on 05/26/2014 7:29:51 PM PDT by Arsynic
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To: blam
This is part of the Globalists' Agenda 21. America's First world, Middle-class lifestyle, which includes low cost, easily available, quality meats, vegetables, fruits, grains, and foodstuffs of all kinds, is on the chopping block.

Welcome to the New World Order. I hope you all like Soylent Green.

22 posted on 05/26/2014 7:29:54 PM PDT by Count of Monte Fisto (The foundation of modern society is the denial of reality.)
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To: goodwithagun

attagardener!


23 posted on 05/26/2014 7:32:18 PM PDT by acapesket
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To: blam

We are hitting horrible hyper inflation because we gave mortgages to poor people and then guaranteed them with your money— 1 trillion dollars worth. And then we bailed out fat cat banks and AIG who had gotten stuck with the give away and while we were at it we bailed our government motors and Chrysler so we could pay union pensions. It is over. The damned party is over and now you pay. Bring a rope!


24 posted on 05/26/2014 7:32:39 PM PDT by SADMILLIE
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To: blam
After five years of the federal government telling the public that despite a $3.5 trillion increase in monetary expansion, the inflation rate is below +2%

In other news, Big Brother has increased the chocolate ration to 20g per month.

25 posted on 05/26/2014 7:33:01 PM PDT by Hoodat (Democrats - Opposing Equal Protection since 1828)
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To: SpaceBar
The Nation's Salad Bowl Is Turning To Dust
26 posted on 05/26/2014 7:34:12 PM PDT by blam
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To: goodwithagun
. . . and my garden gets bigger and bigger.

As does mine, and you said in a later comment - all heirloom.

27 posted on 05/26/2014 7:34:23 PM PDT by Gabz (Democrats for Voldemort.)
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To: SpaceBar

Did he say that really? Very few in any media today are not bought and paid for it seems.


28 posted on 05/26/2014 7:37:01 PM PDT by MichaelCorleone (Jesus Christ is not a religion. He's the Truth.)
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To: goodwithagun

Same. Still trying to talk the family into letting me raise chickens or rabbits.


29 posted on 05/26/2014 7:42:17 PM PDT by Ellendra ("Laws were most numerous when the Commonwealth was most corrupt." -Tacitus)
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To: blam

Not important. Only serfs are concerned about food prices.


30 posted on 05/26/2014 7:47:01 PM PDT by freedomfiter2 (Brutal acts of commission and yawning acts of omission both strengthen the hand of the devil.)
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To: Count of Monte Fisto
I hope you all like Soylent Green.

Is that why all the Food Stampers are getting fat?

31 posted on 05/26/2014 7:48:09 PM PDT by Pontiac (The welfare state must fail because it is contrary to human nature and diminishes the human spirit.)
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To: Ellendra

Go with chickens; they are the most efficient producers of meat per pound of feed. They also produce high nitrate fertilizer for your garden (Not that rabbit droppings are bad).


32 posted on 05/26/2014 7:51:48 PM PDT by Pontiac (The welfare state must fail because it is contrary to human nature and diminishes the human spirit.)
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To: blam

Good thing it’s not counted in “ core inflation” ....


33 posted on 05/26/2014 7:58:45 PM PDT by Kozak ("It may be dangerous to be America's enemy, but to be America's friend is fatal" Henry Kissinger)
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To: Pontiac; Ellendra

Agreed. Go with chickens. They are more resourceful at scavenging for food. Plus you get regular egg protein till you eat your hens.


34 posted on 05/26/2014 8:06:02 PM PDT by SisterK (behold a pale horse)
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To: blam

Even when we got take out at the local Chinese restaurant in our tiny village, the price went up, plus the amount of food was less.


35 posted on 05/26/2014 8:07:46 PM PDT by Sun (Pray that God sends us good leaders. Please say a prayer now.)
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To: blam

When you got deadbeats that can eat lobster on my dime via food stamps what did the clowns think would happen? Basic economics. Good luck on that shit when I and the rest of us productive citizens go Galt, FU :)


36 posted on 05/26/2014 8:11:27 PM PDT by Joe Miner
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To: blam

22%! Wow! I guess it’s a good thing that the government doesn’t consider pesky things that people have to buy in order to live when they calculate the “inflation rate!”

Who are the blind, leftist lemmings going to believe? Obama and his minions, or their own shrinking wallets?

Blame the Koch Brothers!

Mark


37 posted on 05/26/2014 8:20:50 PM PDT by MarkL (Do I really look like a guy with a plan?)
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To: gov_bean_ counter
In less than 2 years, the price of a carton of premium orange juice has nearly doubled, but you simply can't find a half gallon carton any more. They're all 59 ounce cartons now.

How about canned tuna. Prices are WAY up, the quality is WAY down (unless you buy the "premium tuna") and standard cans are down from 6oz to 5oz, BUT the premium cans are often 3 1/2 or 4 ozs.

Mark

38 posted on 05/26/2014 8:24:49 PM PDT by MarkL (Do I really look like a guy with a plan?)
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To: blam

Well, thank God that food and energy are not included in the CPI. Otherwise we’d have some serious inflation to worry about.

Retirement is about 5 years away...just what we need, massive inflation to erode our savings.


39 posted on 05/26/2014 8:25:19 PM PDT by ProtectOurFreedom
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To: blam

My favorite local hole-in-the-wall coffee shop has the sweetest Chinese owner. When I’m the first customer in on mornings, she tells me her food inflation stories. She even wants me to order one slice of toast if I don’t plan on eating two! Waste just kills her.


40 posted on 05/26/2014 8:27:21 PM PDT by ProtectOurFreedom
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To: Arsynic
Given what's going on with Obama's VA, and his animosity to the military, I'm starting to wonder that if he and his ministry of propaganda are able to appoint his successor, we might see something right out of Heinlein's "Starship Troopers" (NOT the movie!) where the veterans take control of the government.

On the other hand, that may be why every agency in the federal government has been militarized, for instance, the request for sub-machineguns by the Dept of Agriculture!

Mark

41 posted on 05/26/2014 8:30:56 PM PDT by MarkL (Do I really look like a guy with a plan?)
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To: ProtectOurFreedom

Retired 30 years already...imagine trying to get by on very adequate income of that long ago. It cuts purchasing power by at least 1/3.


42 posted on 05/26/2014 8:34:47 PM PDT by 3D-JOY
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To: blam

According to our government by ObamaNation food and fuel are not figured into inflation rates.


43 posted on 05/26/2014 8:35:13 PM PDT by fella ("As it was before Noah so shall it be again,")
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To: blam
Political folks reap what they sow.


44 posted on 05/26/2014 8:35:52 PM PDT by familyop (We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
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To: SpaceBar

Bob probably never goes shopping, besides what else would you expect a socialist to say?


45 posted on 05/26/2014 8:36:15 PM PDT by saintgermaine
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To: blam

I keep thinking what my maternal grandmother used to say everytime we took her shopping, “if I didn’t have to eat, I’d be rich.” B-P


46 posted on 05/26/2014 8:37:32 PM PDT by Nowhere Man (Mom I miss you! (8-20-1938 to 11-18-2013) Cancer sucks)
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To: SpaceBar

Bob probably never goes shopping, besides what else would you expect a socialist to say?


47 posted on 05/26/2014 8:37:37 PM PDT by saintgermaine
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To: blam

All you have to do is look at the “Size”of the packages at the supermarket.What was 16oz. is now 140z.;what was 1lb. is now 13oz.A “pound”of coffee is now maybe 11-12oz.One half-gallon of ice cream is now 48oz.They are trying to”Disguise”it,but it’s THERE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


48 posted on 05/26/2014 8:37:49 PM PDT by bandleader
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To: SpaceBar

He’s a Bought and Paid For STOOGE!!!!!!!!!!!!!!!!!!!


49 posted on 05/26/2014 8:38:48 PM PDT by bandleader
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To: blam
Remember the trial run price hike on propane last winter and the months of crowing in the media about propane exports preceding that? There's this, too.

Some old news.

U.S. beef exports to China and Hong Kong have soared this year as rising incomes,...
http://www.usmef.org/news-statistics/press-releases/us-beef-exports-to-china-and-hong-kong-have-soared-this-year-as-rising-inco-13475/

Some new news.

U.S. pork, beef exports increase pace in March
USMEF | Updated: 05/07/2014
Drovers CattleNetwork
http://www.cattlenetwork.com/cattle-news/US-Pork-Beef-Exports-Increase-Pace-in-March-258352491.html
“The pace of U.S. beef and pork exports increased sharply in March, driven by double-digit increases to leading markets Mexico, the China/Hong Kong region and South Korea, according to statistics released by the USDA and compiled by the U.S. Meat Export Federation (USMEF).”

Oh, yeah. They're saving the economy alright, by exporting your natural resources instead of manufactured products.


50 posted on 05/26/2014 8:42:55 PM PDT by familyop (We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
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