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Prices for key foods are rising sharply
McClatchy Online ^ | 14 August 2007 | Kevin G. Hall

Posted on 08/15/2007 7:08:15 PM PDT by shrinkermd

MIDLAND, Va. — The Labor Department's most recent inflation data showed that U.S. food prices rose by 4.2 percent for the 12 months ending in July, but a deeper look at the numbers reveals that the price of milk, eggs and other essentials in the American diet are actually rising by double digits.

Already stung by a two-year rise in gasoline prices, American consumers now face sharply higher prices for foods they can't do without. This little-known fact may go a long way to explaining why, despite healthy job statistics, Americans remain glum about the economy.

Meeting with economic writers last week, President Bush dismissed several polls that show Americans are down on the economy. He expressed surprise that inflation is one of the stated concerns.

"They cite inflation?" Bush asked, adding that, "I happen to believe the war has clouded a lot of people's sense of optimism."

But the inflation numbers reveal the extent to which lower- and middle-income Americans are being pinched.

The Bureau of Labor Statistics said in its July inflation report that egg prices are 33.7 percent higher than they were in July 2006. Over the same period, according to the department's consumer price index, whole milk was up 21.1 percent; fresh chicken 8.4 percent; navel oranges 13.6 percent; apples 8.7 percent. Dried beans were up 11.5 percent, and white bread just missed double-digit growth, rising by 8.8 percent.

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


TOPICS: Business/Economy; Extended News; Politics/Elections
KEYWORDS: energy; ethanol; food; foodsupply; gasprices; inflation
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Not good news.
1 posted on 08/15/2007 7:08:17 PM PDT by shrinkermd
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To: shrinkermd

using corn for ethanol

is not

a good idea.


2 posted on 08/15/2007 7:09:23 PM PDT by ken21 (28 yrs + 2 families = banana republic junta. si.)
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To: shrinkermd

Orange juice at $8 /gal. Unbelievable!


3 posted on 08/15/2007 7:11:47 PM PDT by raybbr (You think it's bad now - wait till the anchor babies start to vote.)
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To: shrinkermd

A lot of this is due to fuel prices.


4 posted on 08/15/2007 7:13:24 PM PDT by microgood
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To: raybbr

Buy the store brand, it’s $3.25.


5 posted on 08/15/2007 7:13:28 PM PDT by Eagles6
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To: ken21
There are better

uses for ethanol

than as fuel.


6 posted on 08/15/2007 7:14:26 PM PDT by oyez (Justa' another high minded lowlife.)
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To: Eagles6

Buy the NOT from concentrate orange juice.


7 posted on 08/15/2007 7:15:22 PM PDT by Extremely Extreme Extremist
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To: ken21

Yep, it’s a boondoggle.


8 posted on 08/15/2007 7:16:22 PM PDT by Moonman62 (The issue of whether cheap labor makes America great should have been settled by the Civil War.)
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To: Eagles6
Buy the store brand, it’s $3.25.

Not where I am. The store brand is $6.50 a gallon. This all happened in the last week. Last week I bought it at $4/gal.

9 posted on 08/15/2007 7:16:24 PM PDT by raybbr (You think it's bad now - wait till the anchor babies start to vote.)
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To: shrinkermd

Almost 4 bucks for a 10 lb sack of potatoes. We get fresh eggs from friends. I quit buying orange juice, even the frozen concentrate is pretty expensive. Don’t even mention fresh fruit.


10 posted on 08/15/2007 7:17:37 PM PDT by TheSpottedOwl (If the families still ran Las Vegas, Harry Reid would be napping at the bottom of Hoover Dam)
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Comment #11 Removed by Moderator

To: ken21
using corn for ethanol

I was surprised that there was no corn on any menu in Ocean City, MD, last week. It used to be a staple food to go with seafood at all the good restaurants. Green beans were served in their place, and I hate crunchy green beans.

12 posted on 08/15/2007 7:18:04 PM PDT by Glenn (Free Venezuela!)
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To: shrinkermd

These numbers get lost in the broader inflation rate for all goods and services, which measured 2.7 for the same 12-month period. Across the economy, rising food prices were offset by falling prices for things bought at the mall: computers, cameras, clothing and shoes.

The inflation of necessities, including food, energy, and housing, is much higher than the official overall inflation rate of 2.7 percent. And people can't eat computer hard drives and camera straps.

Figures don't lie, but liars figure. In this case, the U.S. government has a vested interest in keeping COLA wage and benefits increases, which are linked to official inflation rates, low, irrespective of whether the prices of necessary goods are increasing at a faster rate.

13 posted on 08/15/2007 7:18:17 PM PDT by rabscuttle385 (Sic Semper Tyrannis * U.Va. Engineering '09 * Friends Don't Let Friends Vote Democrat * Fred in 2008)
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To: shrinkermd

Oh, for Pete’s Sake!

Can’t you see the ‘Rats are gearing up for 2008? Of COURSE the economy is going to go into the toilet. How ELSE will the LibTards win? ;)

Do you, ShrinkerMD, actually DO the food shopping and meal preparation for your household? I’ve fed a family of SIX, which was TWO Adult Males, ONE Adult Female and THREE Teenaged boys for $150 a MONTH all through The Clinton Years.

Oh, yeah. Right. I forgot. Those were ‘The Best Years Ever Ever Since Time Began.’ *ROLLEYES*

ROFLMAO!


14 posted on 08/15/2007 7:18:19 PM PDT by Diana in Wisconsin (Save The Earth. It's The Only Planet With Chocolate.)
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To: Extremely Extreme Extremist

I buy the ‘from concentrate’ cause it’s the same thing only cheaper.


15 posted on 08/15/2007 7:18:37 PM PDT by Eagles6
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To: shrinkermd
Not good news.

Good news, I don't have to buy tomatoes.

16 posted on 08/15/2007 7:18:38 PM PDT by Alouette (Vicious Babushka)
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To: shrinkermd
I work for a growing upscale grocery chain (annual sales will top 800 million this year from 600m last year). We measure food inflation at around 4.5% although some of the items have obviously gone up much more than that. Eggs are up considerably from last year but they were down last year from the year before. Our chicken prices are flat but we've noticed some of our competitors prices have gone up. Milk has seen the largest increase. One of the reasons for the larger increase in milk is it already has one of the lowest profit margins of any item in the grocery store (only about 12% vs 45% on most non-sale items) and of course it is extremely perishable. Any cost increase must be passed on almost immediately unlike some other items.

The other big cost factor increase actually started 2-3 years ago was the increased cost of delivery. It's actually leveled out for us retailers this year, but some of the price increases may have been caused by the fuel rise from last year and the year before. Since gas prices have actually dropped this year, we're not expecting any significant delivery cost increases this year or next.

17 posted on 08/15/2007 7:18:59 PM PDT by rb22982
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To: shrinkermd

I think the better explanation is the devaluing of the dollar. It has lost substantial value over the last five years or so and prices are simply catching up with the loss in value. At least that’s my opinion after building a house for the last three years...


18 posted on 08/15/2007 7:19:13 PM PDT by DB
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To: shrinkermd
Excuse me--are all egg, milk products being included? That would skew inflation figures all past reason.

Do you realize that the New Thing in a lot of produce and food products is Organic? Free-range. No antibiotics. No hormones. Boutique food.

Upscale people. Whole Foods. Fresh Market. Texas tea.

If all eggs are being included in the price of eggs, that'll also include that package of $3.50 free range eggs as well as the regular $1.50 box that most people buy--and much of this is a fairly recent development. There's a lot more variety in the average supermarket these days.

19 posted on 08/15/2007 7:19:42 PM PDT by Mamzelle
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To: raybbr

Where the heck do you live, Alaska?


20 posted on 08/15/2007 7:19:46 PM PDT by Eagles6
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To: Eagles6
Buy the store brand, it’s $3.25.,

And comes from Mexico.:)

21 posted on 08/15/2007 7:20:51 PM PDT by org.whodat (What's the difference between a Democrat and a republican????)
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To: Eagles6

Nope. Connecticut. I couldn’t believe the prices. I stood there for five minutes staring, hoping to find the error. My two sons just developed a taste for orange juice and the price doubled in a week.


22 posted on 08/15/2007 7:21:33 PM PDT by raybbr (You think it's bad now - wait till the anchor babies start to vote.)
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To: shrinkermd
Price of transporting food to market and to run farms etc, would be my first guess. Whatever it is, my monthly grocery budget has had to double!
23 posted on 08/15/2007 7:21:38 PM PDT by gidget7 ( Vote for the Arsenal of Democracy, because America RUNS on Duncan!)
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To: Diana in Wisconsin
Can’t you see the ‘Rats are gearing up for 2008? Of COURSE the economy is going to go into the toilet.

The economy will only go into the toilet because the Rats think that they are smarter than "the invisible hand."

Unfortunately, the Republicans may be too dumbfounded to point out the screw-ups on the part of the Rats, including the ethanol mandates and the continued resistance to tapping our own domestic energy sources and building new refineries, power plants, etc.

24 posted on 08/15/2007 7:22:39 PM PDT by rabscuttle385 (Sic Semper Tyrannis * U.Va. Engineering '09 * Friends Don't Let Friends Vote Democrat * Fred in 2008)
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To: shrinkermd

Milk goes to +/- $5.50/gal. so we look to less expensive alternative products like soy milk for coffee, breakfast, etc. Soy milk and other product prices are also on the rise b/c the fields that once grew soy beans are being shifted to corn production for ethanol and feed production... It is an interesting example of the interconnectedness of economics.


25 posted on 08/15/2007 7:22:56 PM PDT by Floyd Rivers
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To: Glenn
I hate crunchy green beans.

Never eat green beans in Yankee land.

26 posted on 08/15/2007 7:23:02 PM PDT by org.whodat (What's the difference between a Democrat and a republican????)
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To: rabscuttle385

Energy is down for me this year vs last. Housing is identical. Food is up but a relatively small portion of my bill. I’m sure in some areas of the country it’s bad in ‘hot’ housing market areas but I dont think inflation in middle America has been bad at all.


27 posted on 08/15/2007 7:23:32 PM PDT by rb22982
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To: Mamzelle
If all eggs are being included in the price of eggs, that'll also include that package of $3.50 free range eggs as well as the regular $1.50 box that most people buy--and much of this is a fairly recent development.

The two dozen jumbo eggs at BJ's went from 2.49 to 3.29 in about three weeks.

28 posted on 08/15/2007 7:24:31 PM PDT by raybbr (You think it's bad now - wait till the anchor babies start to vote.)
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To: Mamzelle

“...that’ll also include that package of $3.50 free range eggs as well as the regular $1.50 box that most people buy...”

Thank you, Voice of Sanity!

But, when I was producing “boutique” eggs, I was getting $4.50 a dozen when we sold to the Yuppies on the “posh” side of town. (Fools.)

I never pay more than .39-cents a dozen when I need to buy store-bought eggs. Which is maybe twice a year in the winter months when the girls shut down production. (I have laying hens.)

These figures are totally skewed. There’s more free and cheap food on this planet than anyone realizes. Heck, in the Spring you can practically make a meal each day out of the WEEDS in your lawn if one is so inspired. :)


29 posted on 08/15/2007 7:25:20 PM PDT by Diana in Wisconsin (Save The Earth. It's The Only Planet With Chocolate.)
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To: Mamzelle

Very good question. We sell almost as many 3.99/dozen organic eggs as we do $1.39/dz regular white eggs. Our produce 5 years ago was only 5% organic but is now over 30% organic (and our produce year over year sales have increased by nearly 14% because of it too).


30 posted on 08/15/2007 7:26:42 PM PDT by rb22982
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To: raybbr

Ame in MA ray. And meat has doubled, too. We don’t buy ice cream anymore since it went to almost 7.00 for what used to be a gallon, but is now a smaller package.


31 posted on 08/15/2007 7:27:26 PM PDT by gidget7 ( Vote for the Arsenal of Democracy, because America RUNS on Duncan!)
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To: Mamzelle
If all eggs are being included in the price of eggs,

The last I heard they always pick the lowest cost item And/or the best seller.

32 posted on 08/15/2007 7:28:04 PM PDT by org.whodat (What's the difference between a Democrat and a republican????)
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To: rb22982
...but I dont think inflation in middle America has been bad at all.

Yes, living in Northern Virginia tends to alter my entire perspective on things just a wee bit. ;)

I grew up here, and traffic becomes increasingly intolerable with each new year...not to mention the fact that condos sell for $200K, townhouses for $250K, and single-family homes go for much more than that (all in the outer suburbs). Living closer to DC, e.g. in Vienna or Falls Church, could set a family back a cool $800K to $1 Million.

Believe me, I'm shocked when I look on realtor.com at prices elsewhere: homes for less than $100K?! Good houses, to boot! Almost makes me want to get a tech job and telecommute :P

33 posted on 08/15/2007 7:28:26 PM PDT by rabscuttle385 (Sic Semper Tyrannis * U.Va. Engineering '09 * Friends Don't Let Friends Vote Democrat * Fred in 2008)
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To: rabscuttle385
Unfortunately, the Republicans may be too dumbfounded to point out the screw-ups on the part of the Rats, including the ethanol mandates and the continued resistance to tapping our own domestic energy sources and building new refineries, power plants, etc.

Can you guess who said this?

We've got to be aggressive about finding alternative sources of fuel. And one such source is ethanol. Ethanol comes from corn -- and we're pretty good about growing corn here in America, we've got a lot of good corn growers. Therefore, it makes sense to promote ethanol as an alternative to foreign sources of oil. Ethanol can be mixed with gasoline to produce a clean, efficient fuel. In low concentrations, ethanol can be used in any vehicle. And with minor modifications, vehicles can run on a fuel blend that includes about 85 percent ethanol and 15 percent gasoline. Ethanol helps our farmers find a new markets and helps us replace foreign crude oil. I mean, I like the idea of spending money on research to make ethanol more feasible, so that some day an American President says, show me the crop report. (Laughter.) As opposed to, how many barrels of crude oil are we importing?

34 posted on 08/15/2007 7:29:01 PM PDT by raybbr (You think it's bad now - wait till the anchor babies start to vote.)
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To: raybbr

>> Orange juice at $8 /gal. Unbelievable!

Darn right. I’m switching to beer for breakfast. Haven’t noted much of a price increase on beer.


35 posted on 08/15/2007 7:29:37 PM PDT by Nervous Tick
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To: shrinkermd
"They cite inflation?" Bush asked, adding that, "I happen to believe the war has clouded a lot of people's sense of optimism."

I really don't blame the President for being so clueless in a small way. He doesn't go grocery shopping, nor would it make any sense for him to do so.

But anyone who buys groceries understands the sticker shock.

The President, who has never demonstrated that he is very keyed in to the understanding of every day life of most Americans, let alone Americans who conceive of themselves as "conservative," is just showing his simplistic arrogance here. The war and the price of groceries have nothing to do with each other in the mind of anyone, period.

And people's sense of optimism? Really ... oh my goodness ... is it possible to get more incoherent or clueless than that statement?

The very discouraging thought is that this President without a doubt was better to elect than Gore or Kerry. No question about it.

But the Carter, Bush, Clinton, Bush, string of presidents, a string where the word mediocre would be extravagant, exaggerated praise if used to describe them, is too much to take.

Apparently, no one ever loses by underestimating and insulting the intelligence of the American people.

36 posted on 08/15/2007 7:29:53 PM PDT by Urbane_Guerilla
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To: raybbr

Let me guess...a RINO?


37 posted on 08/15/2007 7:30:00 PM PDT by rabscuttle385 (Sic Semper Tyrannis * U.Va. Engineering '09 * Friends Don't Let Friends Vote Democrat * Fred in 2008)
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To: shrinkermd

Thanks, Al Gore and enviroweenies. (But you-know-who gets the blame, of course.)


38 posted on 08/15/2007 7:30:06 PM PDT by beethovenfan (If Islam is the solution, the "problem" must be freedom.)
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To: rabscuttle385

Oh, I don’t doubt the stupidity of the current crop of RINOs we have in Congress in the least.

And I’ll even tell ya this: My own FIL, who is Salt of the Earth sees this ethanol “scam” for the “scam” that it is. He planted ALL corn this year instead of planting any soybean at all.

He’s a smart man and he knows what side of the bread is buttered. I totally trust his instincts in that this ethanol craze will be short-lived (3-5 years in his opinion) and that he’ll just cash in now and laugh all the way to the bank.

And trust me...every other Farmer in The Heartland is doing the exact same thing.

Things will even out again. They always do. ‘Make Hay While The Sun Shines’ and all that. :)


39 posted on 08/15/2007 7:30:56 PM PDT by Diana in Wisconsin (Save The Earth. It's The Only Planet With Chocolate.)
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To: rabscuttle385

200k here in GSO, NC would be a nice 1/2 acre 2500 sq ft newly built house in most parts of town..800k-1m is a McMansion here (7k-12k sq ft).


40 posted on 08/15/2007 7:31:18 PM PDT by rb22982
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To: All

i was thinking about joining costco or sam’s club.

which would i get better prices at?


41 posted on 08/15/2007 7:31:19 PM PDT by ken21 (28 yrs + 2 families = banana republic junta. si.)
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To: shrinkermd

But the government chuckleheads have been telling us along there’s no inflation!...what gives?


42 posted on 08/15/2007 7:31:39 PM PDT by AngelesCrestHighway
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To: rabscuttle385
Let me guess...a RINO?

Yep. June 15, 2005 President (Bush) Discusses Energy Policy

43 posted on 08/15/2007 7:32:05 PM PDT by raybbr (You think it's bad now - wait till the anchor babies start to vote.)
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To: shrinkermd
Not good news?

What do expect when you post from McClatchey?

44 posted on 08/15/2007 7:32:57 PM PDT by LdSentinal
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To: rabscuttle385

I was just at Roche Brothers in Burlington, MA. Peruvian Mineolas and large South African Navel Oranges were both $1.99/lb.


45 posted on 08/15/2007 7:34:15 PM PDT by cynwoody
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To: Diana in Wisconsin

And lock your car doors in the summer or you will find your back seat full of zucchini.


46 posted on 08/15/2007 7:34:38 PM PDT by magslinger (Be wary of strong drink. It can make you shoot at tax collectors. And miss. R.A.Heinlein)
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To: Diana in Wisconsin
"There’s more free and cheap food on this planet than anyone realizes."

Yep, like the $1.99 special at KFC of chicken fried steak, mashed potatoes, gravy, coleslaw and roll.

47 posted on 08/15/2007 7:34:57 PM PDT by maxter
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To: org.whodat; raybbr
Actually mine says Florida and/or Brazil. Probably about the same thing. I believe that US producers of fruits and vegetables have taken some hits lately and we have the where with all to still bring it to the table. If the price is more than you want to pay or the quality doesn't suit you, don't buy it. People lived without fresh squeezed, organically grown, ethnically sensitively handled food forever.
48 posted on 08/15/2007 7:35:41 PM PDT by Eagles6
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To: raybbr
I'm not sure whether he is truly a simple idiot like the 'Rats claim or he has terrible advisers who are rotten to the core...sorta like Lindsey Graham--"Republican by Day, Democrat by Night."
49 posted on 08/15/2007 7:35:42 PM PDT by rabscuttle385 (Sic Semper Tyrannis * U.Va. Engineering '09 * Friends Don't Let Friends Vote Democrat * Fred in 2008)
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To: microgood
A lot of this is due to fuel prices.

With all due respect, it is due to your federal government's insistence that what was formerly food is now to be used as fuel. - even though there are plenty of sources of traditional fuel, and nuclear power available to take off the pressure.

Idiots.

50 posted on 08/15/2007 7:36:26 PM PDT by elkfersupper
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