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If This Keeps Up, They Will Have To Start Putting Armed Guards On Food Trucks
TEC ^ | 7-16-2014 | Michael Snyder

Posted on 07/16/2014 5:24:54 PM PDT by blam

By Michael Snyder
July 16th, 2014

The basic necessities in life just keep getting more expensive. On Tuesday, Hershey announced that the price of all of their chocolate bars is going to go up by about 8 percent. That is particularly distressing to me, because I am known to love chocolate. But if it was just chocolate that was becoming significantly more expensive perhaps that would be okay. Last month, it was coffee. J.M. Smucker, one of the largest coffee producers in the United States, announced that it planned to raise coffee prices by about 9 percent. And Starbucks has announced a bunch of price increases across the board on their coffee products. Of course we could all survive without chocolate and coffee, but as you will see below just about every food category is becoming more expensive. If this keeps up, could we eventually see armed guards in grocery stores and on food trucks?

On Wednesday, Robert Wenzel of the Economic Policy Journal shared some new data that has just been released by the federal government about food inflation over the past year. Without a doubt, these numbers are quite startling...

According to the latest data released today by the Bureau of Labor Statistics, year-over-year gains in some food products at the producer level have been truly spectacular.

* Eggs for fresh use are up 33.9%.

* Pork is up 28%.

* Processed turkeys are up 20.4%.

* Dairy products are up 10.7%.

* Fresh and dry vegetables are up 8.4%.

* Fresh fruits and melons are up 7.5%.

Unfortunately, paychecks for most American families are not going up at similar rates.

(snip)

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


TOPICS: News/Current Events
KEYWORDS: economy; food; inflation; prices
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To: blam
So, you choose to ignore my ongoing jihad against pixel specifications in HTML... Well, it is a choice.

Freedom ≠ Free Stuff☭
Percent rules!
Pixels drool!
Mash Dobbshead® for HTML, bop Hello_Cthlhu for XAMPP

51 posted on 07/17/2014 6:49:45 AM PDT by Mycroft Holmes (The fool is always greater than the proof.)
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To: blam

Now tie this in with a either a natural or man made disaster, & sit back and watch up circle the drain for the last time!


52 posted on 07/17/2014 6:59:03 AM PDT by TMSuchman (John 15;13 & Exodus 21:22-25 Pacem Bello Pastoribus Canes [shepard of peace,dogs of war])
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To: blam

Try this one:

< img src=”???.jpg” height=”?”width=”?” Border=”1”>


53 posted on 07/17/2014 7:17:36 AM PDT by carriage_hill (Some days you're the windshield, and some days you're the bug.)
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To: upchuck
But we can’t include food and energy inflation when figuring gvt benefits for Social Security recipients. Oh, no, we can’t do that

Right, because SocSec recipients don't spend any of their money on food or energy. </sarc>

54 posted on 07/17/2014 9:20:39 AM PDT by ELS
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To: upchuck

I buy fancy-pants peas: LeSeuer in the silver can. I joke that they are free range because they are so expensive. A couple of years ago they were routinely 1.10 or so, going on sale for under $1. Now, the cans run about 1.80 and rarely go on sale.

I still have the cheaper cans in my pantry but am having a hard time “shelling” out the money for more peas. But it’s not like they’re going to get cheaper.


55 posted on 07/17/2014 9:29:52 AM PDT by Patriotic1 (Dic mihi solum facta, domina - Just the facts, ma'am)
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To: Mycroft Holmes
So, you choose to ignore my ongoing jihad against pixel specifications in HTML...

LOL! Thanks for the graphic in reply #44.

56 posted on 07/17/2014 9:31:35 AM PDT by ELS
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To: Mycroft Holmes; blam; deport
I agree, using percentage is the way to go. Here's blam's original pic set to 97% width:

That's better but some of the wording gets fuzzy.

57 posted on 07/17/2014 11:02:06 AM PDT by upchuck (The country is being billed for its own execution. ~ h/t: SpaceBar)
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To: MrB
Those things are included in EBT calculations, for sure.

I don't believe they are.

Food stamps for all recipients went down last October (2013) when a stimlus, part of porkulus, ran out.

58 posted on 07/17/2014 11:07:15 AM PDT by upchuck (The country is being billed for its own execution. ~ h/t: SpaceBar)
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To: blam

* Eggs for fresh use are up 33.9%.

* Pork is up 28%.

* Processed turkeys are up 20.4%.

* Dairy products are up 10.7%.

* Fresh and dry vegetables are up 8.4%.

* Fresh fruits and melons are up 7.5%.

Unfortunately, paychecks for most American families are not going up...

****************************************************************

The New York Times won’t notice because a democrat is President.


59 posted on 07/17/2014 11:13:00 AM PDT by GOPJ (To learn who rules over you, simply find out who you are not allowed to criticize-Voltaire)
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To: blam
Here's the raw image pulled straight off the web site. No resizing or other refinements:

That image is 1056 x 816 pixels.

60 posted on 07/17/2014 11:25:29 AM PDT by upchuck (The country is being billed for its own execution. ~ h/t: SpaceBar)
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To: Opinionated Blowhard

Gatorade just did it within the last couple of weeks or so, reduced the size of the standard 32oz container to 28 and kept the price the same...


61 posted on 07/17/2014 3:05:37 PM PDT by Axenolith (Government blows, and that which governs least, blows least...)
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To: blam

So when the market crashed in 2008, and oil prices shot up, I knew from past experience that inflation would soon start hitting the food in grocery stores.

I started stocking up on all the favorites and all the stuff that stores for a long time. Every time there was a good sale I loaded up.

I currently have a 3 year supply of mostly Maxwell House Coffee the large 34 oz kind which cost $3.25 per can.

Since chocolate doesn’t store well, long term, I stocked up on powdered cocoa, and other supplies to make things like fudge, chocolate cake, and other chocolate treats.

Peanut Butter was another item we were using a little more than a 16 oz jar per month - mostly the kids liked it. I stocked up on a years supply at $.99. Same amount soon cost $2.25. Now it’s down to $1.69 regular price, so I am restocking several jars at a time as it goes on sale.

I am also gardening and home canning or dehydrating our homegrown produce, and meats that I get on sale. So far, the strategy has allowed me to keep my food budget level with what it was in 2008. It is getting harder to do though.


62 posted on 07/17/2014 8:42:12 PM PDT by greeneyes (Moderation in defense of your country is NO virtue. Let Freedom Ring.)
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