Food inflation on the rise...

[doom&gloom]

That f***ing idiot Bernanke tells us there is still not enough inflation. right.

A nice analysis here: http://brucekrasting.blogspot.com/20...#ixzz1cIa5gDbp

And the data here:

http://www.ers.usda.gov/Briefing/CPI...dExpenditures/
Overview

•The Consumer Price Index (CPI) for all food increased 0.8 percent between 2009 and 2010 and is forecast to increase 3.5 to 4.5 percent in 2011.

•Food-at-home prices increased 0.3 percent, the lowest annual increase since 1967, while food-away-from-home prices rose 1.3 percent in 2010.

•Total food expenditures for all food consumed in the U.S. were $1,240.4 billion in 2010, a 3.4-percent increase from $1,199.8 billion in 2009. Spending on food away from home accounted for 47.9 percent of total food expenditures in 2010; spending for food at home accounted for 52.1 percent.

*snip*

[doom&gloom]

Re: Food inflation on the rise...

and while I am on the inflation kick, maybe we need to all move Bennie and the Feds to Seattle so they can experience this so-called non-inflatonary environment.

http://www.seattlepi.com/local/artic...to-2233840.php

*snip*

For a family of two adults and two young kids in Seattle, the cost of living grew by 13 percent since 2009. For a single person with no kids, making ends meet is now 19 percent more expensive.

Statewide, cost of living has grown by an average of 8 percent.


*snip*

[c1ue]

Re: Food inflation on the rise...

It should be noted that the article speaks to overall standard of living, not to food.

The only data in the source pdf for the article which specifically addressed price increases was this (Page 25):

Table 3. Percent Change in the Self-Sufficiency
Standard Over Time, 2001-2011
Clark County, WA
One Adult, One Preschooler, and One School-age Child
costs
				2001-2011
			2001 2011	STATEWIDE
			Percent	Percent
	2001	2011	Change	Change
Housing	$657	$908	38%	37%
Child Care	$918	$1,255	37%	44%
Food	$379	$497	31%	41%
Transportation	$245	$279	14%	5%
Health Care	$236	$394	67%	75%
Miscellaneous	$244	$333	37%	40%
Taxes	$513	$649	26%	28%
** Clark County and Statewide Median Earnings: U.S. Census Bureau, American
Community Survey (ACS). 2001 and 2009, Detailed Tables, B20002 and P112,
“Median Earnings in the Past 12 Months by Sex for the Population 16 Years and
Over with Earnings in the Past 12 Months, Clark County,” http://factfinder.
census.gov (accessed May 12, 2011). 2011 median earnings are based on 2009
data (the latest available) updated using the Consumer Price Index. U.S.
Department of Labor, Bureau of Labor Statistics (2010), Consumer Price Index,
“West Region All Items, 1982-1984=100-CUUR0400SA0,” http://data.bls.gov/
cgi-bin/surveymost?cu (accessed May 16, 2011).

Thus while food cost increased 37% over 10 years, it was not exceptional in any way compared to most of the other categories: housing, child care, health care, miscellaneous

[tastymannatees]

Re: Food inflation on the rise...

My wife does all the food shopping ( does not trust me as I pay full retail for everything) and she just showed me two loaves of bread she bought, $4.39 and $4.89, 2X as much as I would have guessed.

$4.89 w/tax would be over $5 for a loaf of bread plus it is cheaper in some way as it breaks apart easily just taking it out of the package and forget trying to put a spread on it.

[lsa420]

Re: Food inflation on the rise...

My wife does all the food shopping ( does not trust me as I pay full retail for everything) and she just showed me two loaves of bread she bought, $4.39 and $4.89, 2X as much as I would have guessed.

$4.89 w/tax would be over $5 for a loaf of bread plus it is cheaper in some way as it breaks apart easily just taking it out of the package and forget trying to put a spread on it.

You need to start shopping at Fresh & Easy.

[jiimbergin]

Re: Food inflation on the rise...

My wife does all the food shopping ( does not trust me as I pay full retail for everything) and she just showed me two loaves of bread she bought, $4.39 and $4.89, 2X as much as I would have guessed.

$4.89 w/tax would be over $5 for a loaf of bread plus it is cheaper in some way as it breaks apart easily just taking it out of the package and forget trying to put a spread on it.

WOW, that must have been very very special bread!

[doom&gloom]

Re: Food inflation on the rise...

It should be noted that the article speaks to overall standard of living, not to food.

The only data in the source pdf for the article which specifically addressed price increases was this (Page 25):



Thus while food cost increased 37% over 10 years, it was not exceptional in any way compared to most of the other categories: housing, child care, health care, miscellaneous

Nor did I say the 2nd article adddressed food inflation specifically...

[tastymannatees]

Re: Food inflation on the rise...

WOW, that must have been very very special bread!

CT BIG Y store brand. Everything costs more in CT.