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Keyword: foodprices

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  • The Burrito Index: Consumer Prices Have Soared 160% Since 2001

    08/01/2016 5:48:20 PM PDT · by vannrox · 61 replies
    zero hedge ^ | 2 AUGUST 2016 | Tyler Durden
    The Burrito Index: Consumer Prices Have Soared 160% Since 2001 by Tyler Durden Aug 1, 2016 11:31 AM 0 SHARES Submitted by Charles Hugh-Smith via PeakProsperity.com, In our household, we measure inflation with the "Burrito Index": How much has the cost of a regular burrito at our favorite taco truck gone up?Since we keep detailed records of expenses (a necessity if you’re a self-employed free-lance writer), I can track the real-world inflation of the Burrito Index with great accuracy: the cost of a regular burrito from our local taco truck has gone up from $2.50 in 2001 to $5 in...
  • FEMA Contractor Predicts 'Social Unrest' Caused by 395% Food Price Spikes

    06/27/2016 7:42:05 AM PDT · by rktman · 43 replies
    motherboard.vice.com ^ | 6/26/2016 | Nafeez Ahmed
    The US national security industry is planning for the impact of an unprecedented global food crisis lasting as long as a decade, according to reports by a government contractor. The studies published by CNA Corporation in December 2015, unreported until now, describe a detailed simulation of a protracted global food crisis from 2020 to 2030. The simulation, titled ‘Food Chain Reaction’, was a desktop gaming exercise involving the participation of 65 officials from the US, Europe, Africa, India, Brazil, and key multilateral and intergovernmental institutions. The scenario for the ‘Food Chain Reaction’ simulation was created by experts brought in from...
  • Consumers shutting down as US economy deflates

    10/15/2015 9:16:50 AM PDT · by Lorianne · 91 replies
    CNBC ^ | 14 October 2015 | Jeff Cox
    The math is pretty simple: A lack of purchasing power for consumers has led to a lack of pricing power for companies. When it comes to the U.S. economy big-picture outlook, the ramifications are more complicated, and not particularly pleasant. Wednesday's producer price index reading, showing a monthly decline of 0.5 percent, demonstrates a larger problem: At a time when policymakers are hoping to generate the kind of inflation that would indicate strong growth, the reality is that deflation is looming as the larger threat. Declining prices often would be treated as a net positive by consumers, but income weakness...
  • Food Prices Are Skyrocketing, With No End In Site

    07/13/2015 9:39:15 PM PDT · by thomasryan · 86 replies
    Thomas Dishaw ^ | 7/14/15 | Thomas Dishaw
    (Thomas Dishaw) Food may be your best investment, seriously. Prices are out of control as grocers struggle to make profit in an industry known for slim margins. At the end of the day grocery stores make about one or two cents for every customer who walks through the door. Crazy right? This is the industry standard after paying benefits, wages, rent, advertising, legal, and inventory costs, profits are slim. With that kind of business model you can expect prices to continue rising no matter what kind of economy we are in. I continue to be amazed at how high these...
  • Now Michelle Obama Wants to Control How You Shop for Groceries

    09/20/2014 2:30:05 PM PDT · by Lazamataz · 136 replies
    TPNN ^ | July 18, 2014 | By Jennifer Burke
    Michelle Obama has been on a quest to change the way Americans eat, like it or not. Her nutritional guidelines for schools has resulted in kids throwing away massive amounts of food, a reduction in school lunch program participation, students, especially athletes, complaining that the food isn’t enough to sustain them during the day, and Special Education programs losing their main fundraising program. .... Now, Michelle Obama wants to take her nutritional demands from the school system nationwide with major changes being suggested by the U.S. Department of Agriculture (USDA) to nudge Americans to purchase healthier foods. While the “expert...
  • Average Price of Ground Beef Hits All-Time High

    08/20/2014 5:47:09 AM PDT · by xzins · 69 replies
    CNS ^ | August 19, 2014 | Ali Meyer
    (CNSNews.com) – The average price for all types of ground beef per pound hit its all-time high -- $3.884 per pound -- in the United States in July, according to data released today by the Bureau of Labor Statistics (BLS). That was up from $3.880 per pound in June. A year ago, in July 2013, the average price for a pound of ground beef was $3.459 per pound. Since then, the average price for a pound of ground beef has gone up 42.1 cents--or about 12 percent. Five years ago, in July 2009, the average price for a pound of...
  • Increasing Food Prices Threaten Middle Class

    06/18/2014 9:53:22 AM PDT · by LeoMcNeil · 39 replies
    Consumer prices are skyrocketing. The price of meat, poultry, fish and eggs was up 0.7% in May. The price of chicken is up 50% in the last decade. There are some mitigating factors in these price increases. The cattle herd isn’t very good this year and a pork virus has killed thousands of pigs. Nonetheless, with incomes stagnate price increases on staples such as meat and eggs is felt by the middle class. Consumer prices generally were up 0.4% in May after a 0.3% increase in April. Inflation has arrived after years of money printing at the Federal Reserve. (with...
  • Price Index for Meats, Poultry, Fish & Eggs Rockets to All-Time High [Obamanomics!]

    06/17/2014 11:25:48 AM PDT · by SoFloFreeper · 14 replies
    cns news ^ | 6/17/14 | Ali Meyer
    The seasonally-adjusted price index for meats, poultry, fish, and eggs hit an all-time high in May, according to data from the Bureau of Labor Statistics (BLS). In January 1967, when the BLS started tracking this measure, the index for meats, poultry, fish, and eggs was 38.1. As of last May, it was 234.572. By this January, it hit 240.006. By April, it hit 249.362. And, in May, it climbed to a record 252.832.
  • Return of 'pink slime': Customers flock back to controversial meat 2 years after sales plunged

    06/16/2014 4:50:54 PM PDT · by 2ndDivisionVet · 59 replies
    The London Daily Mail ^ | June 16, 2014 | Bryan Keogh
    The leftover beef trimmings derisively known as 'pink slime' is making a comeback two years after a series of graphic news broadcasts devastated sales. Two of the largest makers of the ground beef product are reporting a rebound in customers thanks in part to rising prices of its higher-quality counterparts. Average ground beef prices have jumped 10 per cent this year to an all-time high of $3.808 per pound in April, according to the Bureau of Labor. Cargill Inc's sales of finely textured beef have tripled since March 2012, and the agriculture company now has about 400 customers for the...
  • Dust Bowl Conditions Have Returned To Kansas, Oklahoma And North Texas

    05/29/2014 11:30:32 AM PDT · by blam · 21 replies
    Zero Hedge ^ | 5-29-2014 | Tyler Durden
    Tyler Durden 05/29/2014 In early 1978, a song entitled "Dust in the Wind" by a rock band known as Kansas shot up the Billboard charts. When Kerry Livgren penned those now famous lyrics, he probably never imagined that Dust Bowl conditions would return to his home state just a few short decades later. Sadly, that is precisely what is happening. When American explorers first traveled through north Texas, Oklahoma and Kansas, they referred to it as "the Great American Desert" and they doubted that anyone would ever be able to farm it. But as history has shown, when that area...
  • U.S. FOOD INFLATION RUNNING AT 22%

    05/26/2014 12:52:51 PM PDT · by kingattax · 102 replies
    Breitbart Big Government ^ | 26 May 2014 | by CHRISS W. STREET
    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...
  • Chart of the Week: Is food too cheap for our own good?

    05/26/2014 6:09:15 AM PDT · by EBH · 52 replies
    Pew Research Center ^ | 5/23/2014 | Drew DeSilver
    As you scarf down burgers and potato salad this long Memorial Day weekend, consider this: Americans have the cheapest food in history, and that unprecedented abundance is largely responsible for why we’re so fat. According to a new article in CA: A Cancer Journal for Clinicians, Americans in the 1930s spent a quarter of their disposable income on food. That share has fallen steadily through the decades, to the point where today less than 10% of Americans’ disposable dollars go for food. (That varies across income groups, of course: The poorest 20% of Americans still spend about a third of...
  • Report: Food Prices Skyrocket: “We’re Going to Have a Major Problem Coming Into the Fall”

    05/14/2014 4:32:58 PM PDT · by Kartographer · 188 replies
    SHTF Plan ^ | 5/14/14 | Mac Slavo
    The Producer Price Index made available by the Bureau of Labor and Statistics this morning has now confirmed those fears. Consumers are seeing an immediate impact to their wallets in the form of food price inflation and in all likelihood the trend will continue going forward. These latest numbers are serious. So much so that according to Zero Hedge, “the last time food prices spiked by this much in one month, the resulting Arab Spring wave of revolutions tumbled governments across north Africa and the middle east.”
  • The 10 Fastest Rising Food Prices

    04/17/2014 10:58:45 AM PDT · by Oshkalaboomboom · 35 replies
    24/7 Wall Street ^ | April 17, 2014 | Alexander E.M. Hess and Thomas C. Frohlich
    Food prices at the grocery store are up, following an increase in production costs and wholesale prices. In March, retail food prices rose 0.4% from the preceding month, matching February’s increase. These marked the largest monthly gains in food prices since September 2011, according to data from the Bureau of Labor Statistics. Food prices are often volatile and are affected by a number of factors. While certain factors reflect human decision — such as the changing tastes of consumers and farmers’ planting choices — others are forces over which farmers have very little control. Issues such as weather conditions and...
  • Soaring Food Inflation Full Frontal: Beef, Pork And Shrimp Prices Soar To Record Highs

    04/17/2014 6:29:53 AM PDT · by SoFloFreeper · 34 replies
    We previously noted that both beef and pork (courtesy of the affectionately named Porcine Epidemic Diarrhea virus) prices have been reaching new all time highs on an almost daily basis. It is time to update the chart. Below we show what a world in which the Fed is constantly lamenting the lack of inflation looks like for beef prices...
  • Blame the Fed for high food prices

    04/16/2014 3:25:28 PM PDT · by ilovesarah2012 · 13 replies
    atimes.com ^ | April 2, 2014 | Noureddine Krichene
    The Wall Street Journal and the Financial Times (FT) have recently reported frightening food-price inflation. Prices for staples like coffee, oats, milk, meat, vegetables and fruits have increased so far in 2014 by rates as high as 70%. The FT noted that a breakfast now costs at least 25% more than it did in 2013. As expected, media attributed the food-price inflation to droughts and to fast-growing demand in Southeast Asia. For fish, for which prices tripled in recent years, the drought factor does not apply, leaving us with high demand. This explanation fits best with what the US Federal...
  • Beef prices hit all-time high in U.S.

    04/09/2014 3:42:47 AM PDT · by ilovesarah2012 · 68 replies
    latimes.com ^ | April 8, 2014 | David Pierson and Tiffany Hsu
    Come grilling season, expect your sirloin steak to come with a hearty side of sticker shock. Beef prices have reached all-time highs in the U.S. and aren't expected to come down any time soon. Extreme weather has thinned the nation's beef cattle herds to levels last seen in 1951, when there were about half as many mouths to feed in America. "We've seen strong prices before but nothing this extreme," said Dennis Smith, a commodities broker for Archer Financial Services in Chicago. "This is really new territory." The retail value of "all-fresh" USDA choice-grade beef jumped to a record $5.28...
  • The Real Inflation Fear - US Food Prices Are Up 19% In 2014

    03/26/2014 10:40:32 AM PDT · by blam · 69 replies
    Zero Hedge ^ | 3-26-2014 | Tyler Durden
    The Real Inflation Fear - US Food Prices Are Up 19% In 2014 Tyler Durden 03/26/2014 10:20 -0400We are sure the weather is to blame but what happens when pent-up demand (from a frosty east coast emerging from its hibernation) bumps up against a drought-stricken west coast unable to plant to meet that demand? The spot price (not futures speculation-driven) of US Foodstuffs is the best performing asset in 2014 - up a staggering 19%...(snip)We're not allowed to post charts from Bloomberg so you'll have to click to the site to see the chart.
  • Why Food Prices Are Surging

    03/25/2014 9:38:15 AM PDT · by blam · 52 replies
    BI ^ | 3-25-2014 | Matthew Boesler
    Why Food Prices Are Surging Matthew Boesler Mar. 25, 2014, 12:06 PM Since the beginning of the year, food prices have been on a tear. In a new report, Morgan Stanley commodities analysts led by Adam Longson attribute the surge in prices to a number of factors, "from weather (in the case of sugar, soybeans and coffee) to disease (in the case of hogs) to geopolitics (wheat and corn)." The Morgan Stanley analysts don't believe this will continue. "To date, weather concerns in South America have proven overstated, as evidenced in the recent declines in sugar prices," they say. "Tensions...
  • Here Are The Countries That Spend The Most On Food

    02/24/2014 5:59:29 PM PST · by blam · 21 replies
    BI ^ | 2-24-2014 | Matthew Boesler
    Here Are The Countries That Spend The Most On Food Matthew BoeslerFeb. 24, 2014, 8:28 PM Renaissance Macro Research, Congressional Research Service This chart plots the share of household income in a given country spent on food against the level of household income in that country. Neil Dutta, head of U.S. economics at Renaissance Macro, warns that rising food prices may serve as an additional economic headwind to some of the emerging markets in the top-left region of the chart (India, China, Indonesia, and Nigeria, to name a few). "Food prices are climbing for a range of items including cattle,...