Article

2021-09-11 Economy

Food Inflation Hits Record High, Prices Up Sharply on Beef, Chicken, Pork, Turkey, Eggs, and Fish

[Breitbart] Putting food on the kitchen table has become much more expensive, squeezing household budgets at a time when many families are already stressed by the Delta variant surge hitting as kids go back to school.

Food prices rose a full percentage point in August, up from six-tenths of a point in July, defying predictions that inflation would cool off, data from the Bureau of Labor Statistics showed Friday. Compared with a year ago, food prices are up 12.7 percent, outpacing the overall increase of 8.3 percent in the Producer Price Index.

On an annual basis, that is the highest level of food inflation in records that go back to 2010. The monthly figure is the third-highest on record, following May 2020’s pantry-raid that emptied many grocery store shelves and February 2011.

Posted by Besoeker 2021-09-11 00:24|| || Front Page|| [11127 views ] Top

#1
At my local Wally World or "Food Loin" supermarket.

Plain frozen Chicken Wings $17.99 for a 4lbs pack $4.50 a pound

Sunbeam Bread King Thin loaf was $2.45 a loaf now $3.25.

Wally World package 80/20 Hamburgers was 12 for $8.99 now 10 for $8.99

Eggs were $0.95 a dz now 1.65 a dz.

Ribeye Steak meat was $7.99lb now $14.99lb + looks to have more FAT.

Bacon was $2.49lb now $4.99lb ++

COKE products 4 months ago were 5x 6pks for $10 now 3 x 6pks for $12 ON SALE.

$1 Banquet Frozen TV dinners now $1.25

WATERMAID 20lb bag "medium grain" rice was around $8.25 now $14.49 IF you can find it.

Car gas was about $2.10 a gallon in Oct. 2020, now its $2.89+ a gallon.

I am seeing a lot of 3 for $____ and 4 for $ ____ pricing to hide the inflation.

IN OUR CASE
We are retired.
We have a fixed Income.
our SSA checks have not increased
My F-250 retirement check has not increased.
=============================================

BTW: In my South-Middle Eastern GA Area and the Outer Metro-Atlanta area, the housing market for 2 party "sales" are showing signs of slowing. In 2019-2020 I was seeing 2 party home sales from listing to offer in under 30 days. Now we are seeing 60+ days at lower selling amounts.

Don't be fooled by misleading numbers that include those Refinancing their houses for lower interest rates and payments as sales.

Posted by NN2N1 2021-09-11 06:42|| 2021-09-11 06:42|| Front Page Top

#2 Gas and diesel are fundamental to moving goods in the country. When the prices goes up, everything goes up. If they want to fight inflation and show it, go back to fracking and open new pipelines. However, you are expendable for their virtue politics and don't give a rat's ass about you.

Posted by Procopius2k 2021-09-11 07:21|| 2021-09-11 07:21|| Front Page Top

#3 Lobster is cheaper than beef here in east Tennessee

Posted by Deacon Blues 2021-09-11 08:11|| 2021-09-11 08:11|| Front Page Top

#4 China has developed the appetite for protein and the wealth to obtain it. Not just buying the end products, they now own big chunks of the entire food chain here in the US, from field to fork....Hows that WTO decision and most favored nation trade status decision feeling decades later America?

Posted by NoMoreBS 2021-09-11 12:19|| 2021-09-11 12:19|| Front Page Top

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