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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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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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To: Diana in Wisconsin

Hillery Clinton can hardly wait to pile drive the economy into the toilet and blame it on the Capitalists.


51 posted on 08/15/2007 7:36:50 PM PDT by oyez (Justa' another high minded lowlife.)
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To: rb22982
In Great Falls, Vienna, McLean, and North Arlington, $800K to $1 Million is a single-family home. Well, maybe a townhouse or condo in Arlington.

Either way, the price of housing in this area is insane to the point that folks in the $30K-$70K income bracket are shut out in most places, unless of course they are "undocumented," in which case they basically own the subsidized housing.

52 posted on 08/15/2007 7:38:01 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: Diana in Wisconsin

‘Make Hay While The Sun Shines’ and all that.

Just the other day I was talking to a farmer harvesting his alfalfa. He figured for the next few years he might do okay - as everyone else in the area is switching over to corn, and he’ll stick with hay as it will be in short supply. (Until the corn growers realize there is a market in hay....). But, he also mentioned the subsidies, so there is another “unnatural” incentive to get into/ stay in corn.


53 posted on 08/15/2007 7:38:47 PM PDT by geopyg (Don't wish for peace, pray for Victory.)
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To: Nervous Tick
Haven’t noted much of a price increase on beer.

You will, when we start feeding cattle and hogs hops and barley.

54 posted on 08/15/2007 7:38:48 PM PDT by elkfersupper
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To: Mamzelle

Sorry, plain jane Grade A large are $3.00 a dozen in my neck of the woods at Fred Meyer (kroger).


55 posted on 08/15/2007 7:39:48 PM PDT by 31R1O ("Science is organized knowledge. Wisdom is organized life."- Immanuel Kant)
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To: Nervous Tick
"Darn right. I’m switching to beer for breakfast. Haven’t noted much of a price increase on beer."

This is classi. Should be carved into the FR Wall of History.

56 posted on 08/15/2007 7:39:54 PM PDT by Eagles6
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To: oyez

one of my retired-union neighbors thinks just exactly that way.

she seizes on every negative bit of news about the economy,

hates u.s. corporations,

and believes that the end is near for capitalism.

i don’t get it. the wsj is positive about the economy.


57 posted on 08/15/2007 7:40:06 PM PDT by ken21 (28 yrs + 2 families = banana republic junta. si.)
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To: elkfersupper

>> You will, when we start feeding cattle and hogs hops and barley.

THEY CAN’T DO THAT!!!

(er... can they?)


58 posted on 08/15/2007 7:40:13 PM PDT by Nervous Tick
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To: Glenn
I was surprised that there was no corn on any menu in Ocean City, MD, last week.

The corn crop on the Eastern Shore is in VERY bad, and I mean SERIOUSLY bad shape. Sweet corn can be had, but it is a premium price. I about choked paying $5 a dozen for sweet corn about 3 weeks ago. Those prices, because it is scarce probably accounts for the scarcity of it on restaurant menus.

59 posted on 08/15/2007 7:40:45 PM PDT by Gabz (Don't tell my mom I'm a lobbyist, she thinks I'm a piano player in a whorehouse)
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To: shrinkermd

Anyone still think the Fed will be lowering interest rates?


60 posted on 08/15/2007 7:41:30 PM PDT by finnman69 (cum puella incedit minore medio corpore sub quo manifestu s globus, inflammare animos)
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