Food price hikes the biggest in 36 years..! - RC Groups
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Mar 16, 2011, 12:43 PM
-- Made in DETROIT --
SKYPILEIT's Avatar
Careful!

Food price hikes the biggest in 36 years..!


I have noticed it earlier this month.Items that were once 3/$5,quickly went to $1.79 ea....yesterday they are already $1.89 each.I think this is just the beginning of HUGE price hikes.

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Food prices increase most in 36 years

Food prices soared 3.9 percent last month, the biggest gain since November 1974. Most of that increase was due to a sharp rise in veggie costs, which increased nearly 50 percent. That was the most in a year. Meat and dairy products also rose rapidly.

http://www.cbsnews.com/stories/2011/...20043737.shtml
Mar 16, 2011, 12:47 PM
Registered User
mikefast's Avatar
But, those on SS didn't get any cost of living raise for the last couple of years because there hasn't been any inflation. I would think that some people would be really feeling the extra cost. First in gas, and now in food. I wonder what obammy is going to do for those people to get their vote. If prices keep on going up like this, I would think it would cost him quite a few votes in 2012.
Mar 16, 2011, 12:59 PM
Not THAT Ira
Real Ira's Avatar
Brace yourselves. This time of year those prices are usually in a slight downward trend but they have just taken the largest jump since 1974. I expect food prices to go much, much higher by late summer.
Welcome back Carter.
Mar 16, 2011, 01:01 PM
-- Made in DETROIT --
SKYPILEIT's Avatar
Quote:
Originally Posted by mikefast
But, those on SS didn't get any cost of living raise for the last couple of years because there hasn't been any inflation. I would think that some people would be really feeling the extra cost. First in gas, and now in food. I wonder what obammy is going to do for those people to get their vote. If prices keep on going up like this, I would think it would cost him quite a few votes in 2012.
true..Gov. economists have been known to 'tweak the numbers' to make it appear inflation isn't as bad as it seems.

I feel this time next year it will be a major prob to most seniors on a fixed income or without COLA increases in their pensions.
Mar 16, 2011, 01:16 PM
Registered User
mikefast's Avatar
Quote:
Originally Posted by SKYPILEIT
true..Gov. economists have been known to 'tweak the numbers' to make it appear inflation isn't as bad as it seems.

I feel this time next year it will be a major prob to most seniors on a fixed income or without COLA increases in their pensions.
It just may be a major problem for obammy too. Unless he throws out some more empty promises and enough people actually believe him.
Mar 16, 2011, 01:41 PM
Official Old Git!
Hmmm... I dunno if you guys are normally safe guarded from such things happening in the World, but we've been seeing it happen for the last year!

(That doesn't make it easier to tolerate, but you can at least enjoy the fact that you've had it better for longer.. )
Mar 16, 2011, 01:51 PM
Alarm Bells Softening!
Big Foot 48's Avatar
I like this guys comment to a Fed Bigwig:
Quote:
The former Goldman Sachs chief economist gave a speech explaining the economy's progress and the Fed's successes, but come question time the main thing the crowd wanted to know was why they're paying so much more for food and gas. Keep in mind the Fed doesn't think food and gas prices matter to its policy calculations because they aren't part of "core" inflation.

So Mr. Dudley tried to explain that other prices are falling. "Today you can buy an iPad 2 that costs the same as an iPad 1 that is twice as powerful," he said. "You have to look at the prices of all things."

Reuters reports that this "prompted guffaws and widespread murmuring from the audience," with someone quipping, "I can't eat an iPad." Another attendee asked, "When was the last time, sir, that you went grocery shopping?"
http://online.wsj.com/article/SB1000...452719274.html

Was raising food prices in one of the boxes on Obama's March Madness chart?
Mar 16, 2011, 01:59 PM
Tu ne cede malis
MtnGoat's Avatar
Rule number one of intentional inflation of money supply: it benefits the first recipients the most, since they get it before prices rise due to the expansion

now...the rises.
Mar 16, 2011, 02:10 PM
Really?
dll932's Avatar
Wonderf__k!!
Mar 16, 2011, 03:25 PM
Not THAT Ira
Real Ira's Avatar
Quote:
Originally Posted by dll932
Wonderf__k!!
Also known as craptastic.
Mar 16, 2011, 05:11 PM
Really?
dll932's Avatar
Quote:
Originally Posted by Real Ira
Also known as craptastic.
Not emphatic enough.
Mar 16, 2011, 08:26 PM
Low, slow and dirty
If food prices keep going up like they have. I would be very careful when leaving the store and going to your car in the parking lot. You'll get robbed for your food.
Mar 16, 2011, 11:53 PM
Fly Runaway Fans
Tell me. I eat bacon on weekends. It goes up a quarter every week. Faster than gasoline. For hog belly fat.
Mar 17, 2011, 12:01 AM
Government is a fearful master
electroman7's Avatar
When you have to use high priced corn to feed your beeves and hogs, things are going to get pricey. Feed corn is high priced because of using it to produce ethanol. Higher fuel costs mean higher transportation costs and food prices. Crop failures over seas mean higher food costs. Approx 1/2 our wheat went overseas last year.
Mar 17, 2011, 12:07 AM
Really?
dll932's Avatar
Quote:
Originally Posted by jumpinjo
If food prices keep going up like they have. I would be very careful when leaving the store and going to your car in the parking lot. You'll get robbed for your food.
Not impossible, that. That kind of thing is one reason I have a CCW permit.


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