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Economy
Food inflation at double digits
2014-05-27
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 were exploding on the upside. Given the lag in commodity costs impacting prices on grocery store shelves, annual U.S. food inflation is now running at +22% and rising.
Posted by:badanov

#7  Yeah, hamburger is hitting $5 a pound for the fatty kinds, the lean ones hurt even more. Course the lefties think the rubes eat too much meat anyway, so it's okay if meat prices hit skyhigh, just like gas prices.
Posted by: Silentbrick   2014-05-27 20:07  

#6  Grocery bill already causing some pain. You priced beef recently, good old 80-20 ground chuck for burgers?
Posted by: OldSpook   2014-05-27 13:36  

#5  Moochele thinks we could all lose a few pounds anyway. The GIVERnment is doing us a favor.
Posted by: Airandee   2014-05-27 13:23  

#4  Restaurants and grocery stores are gonna have to jack up their prices even more when the minimum wages is increased.
Posted by: Abu Uluque   2014-05-27 12:36  

#3  All according to the Progressive plan--make everyone beholden to the state and then provide food lines or in the modern version, food stamps.
Posted by: JohnQC   2014-05-27 11:57  

#2  It's all good. Barack is going to make you sick to your stomach, and Michelle will give you some nice brussel spouts.
You needed to lose weight anyway.
Posted by: ed in texas   2014-05-27 08:08  

#1  the Department of Agriculture (DOA) just warned the American public...

Hell, we've watched it and witnessed it for the last five years. When you're rich enough, it doesn't get your attention like the rest of the population the rubes. Makes you a little slow in paying attention cause you have others pick it up for you. Too busy cooking numbers for the Big Guy to concern yourself with reality outside the Beltway.
Posted by: Procopius2k   2014-05-27 08:06  

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