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2021-11-13 Economy
Inflation in the grocery aisles: Prices of roast beef, eggs and bacon are up nearly 30% since last October
[Market Watch] High inflation is eating up the budgets of American households.

The cost of groceries have jumped 5.4% in the past year, marking one of the biggest increases in the past two decades, according to the consumer price index. By contrast, grocery prices did not increase at all in the five years before the pandemic.

Meat, chicken, dairy, eggs, sugar and coffee are among the products that have seen especially large price gains in the past year, Bureau of Labor Statistics data shows.

The rising cost of food has contributed to the biggest surge in U.S. inflation in almost 31 years. The cost of living has soared 6.2% in the 12 months ended in October, new government figures show.
Posted by Besoeker 2021-11-13 06:25|| || Front Page|| [11156 views ]  Top

#1 Ach, du lieber Augustine, everything's up
Meat milk up
chicken eggs up
bread butter up
Lumber steel copper aluminum up
Agri-chemicals petro-chemicals PVC vinyl up
Pulp and paper cardboard containers up
Houses and cars up
Oil and gas up
Wage labor up skilled labor up

Ach, du lieber Augustine, everything's up


Posted by Merrick Ferret 2021-11-13 06:48||   2021-11-13 06:48|| Front Page Top

#2 Government policy makers forget that in a market economy, there's always a choice and a substitute for a product which has shot up in price. They don't all rise at the same time and at the same rate.

That is a mechanism that keeps prices down for some products, while letting prices rise for others.

Other than meat, basic foodstuffs have not risen very much despite the best efforts of near moronic government policy makers.
Posted by badanov 2021-11-13 08:57||   2021-11-13 08:57|| Front Page Top

#3 Also, where and how you buy matters. I go to a local produce stand rather than the produce section of the grocery store. The product is fresher and cheaper. Likewise, if you do your clothes and shoe shopping at an outlet mall, you will pay less than at a big box store. Not always, but often enough to matter.
Posted by M. Murcek 2021-11-13 09:01||   2021-11-13 09:01|| Front Page Top

#4 The cause of all this us not government inaction but incredibly foolish government stimulus. These shitheads mailed checks totaling over a trillion to nearly the entire population -- all the way up to the 90th income percentile.

All this money sloshing around, with a simultaneous DECLINE in productive capacity because of their retarded lockdowns, had a totally predictable effect: massive across the board inflation.

Larry Summers and most other normal sensible economists pointed this out a long time ago: "Too much water in the tub."
Such an obvious, predictable consequence of stupid Biden policies.

We Are Ruled By (Despotic) Morons


Posted by Merrick Ferret 2021-11-13 09:05||   2021-11-13 09:05|| Front Page Top

#5 We Are Ruled By (Despotic) Morons
Are they still morons if this was the plan all along? The destruction of America as we know it?
Posted by Glenmore 2021-11-13 09:32||   2021-11-13 09:32|| Front Page Top

#6 ^ Brought to you by the same people who would have to ponder and set up committees and hearings with experts to answer the question "Which would you rather have fall on you all at once, a ton of bricks or a ton of feathers?"
Posted by M. Murcek 2021-11-13 09:33||   2021-11-13 09:33|| Front Page Top

#7 I agree prices are up everywhere.
But where you shop has A LOT to do with prices.
It obvious some places are taking it as a opportunity to abuse the situation and charge more.

Example I have seen:

Wally World in North Augusta SC and Aldi's / Lindls get their private label Milks come from the Same supplier. Wall World $2.89 to $3.24 a gallon
(other sources) $1.59 to 1.98 a gallon.

Eggs
WW $1.48 (other sources) $0.52 to $0.98

Bacon, we quit looking at it when it hit $5.00 p/lb and super market started playing with the package weights. We bought a Harbor Freight meat slicer ($25.00, purchase $2.48p/lb Pork Loin started making something close to bacon, with about 50+% less fat.

Spiral Hams and etc.. all cheaper at (other sources) than Wally World.

Purchase a 15.62 lb Frozen Butter Ball Turkey for $0.98 a pound.

Heck even KROGER is beating the pants off Wally World lately.

Food Loin Supermarkets went super rip off and Dumb $hit and started charging $4.99 for a pack of common coffee machine filters, while everyone else is $1.290 to $1.99.

Posted by NN2N1 2021-11-13 09:38||   2021-11-13 09:38|| Front Page Top

#8 who in the hell is going to pay $4.99 for coffee filters?
Posted by Chris 2021-11-13 10:38||   2021-11-13 10:38|| Front Page Top

#9 ^ never heard of government contracting?
Posted by Craviger Big Foot2535 2021-11-13 10:42||   2021-11-13 10:42|| Front Page Top

#10 Remember during the dot com boom when companies paid someone $35,000 a year to keep the coffee fresh in the conference room?
Posted by M. Murcek 2021-11-13 10:49||   2021-11-13 10:49|| Front Page Top

#11 "Let them eat ketchup."
Posted by swksvolFF 2021-11-13 13:20||   2021-11-13 13:20|| Front Page Top

#12  ^ #10
It was the best gig job ever...

I especially like the Irish Mist Coffee...

4 Shots of IM and it was time to code...

I wrote the PlasteredFace App...

and the Snarky Prick who bought it,
changed it to Facebook...

/sarc
Posted by Bugs Gurly-Brown2942 2021-11-13 13:31||   2021-11-13 13:31|| Front Page Top

#13 

#8.... Food Lion ...should post the photo, but it might get a Buyer fired....
Posted by NN2N1 2021-11-13 14:54||   2021-11-13 14:54|| Front Page Top

#14 Toilet Paper SO Tough You Can Use It As a Coffee Filter Substitute (or vice versa)



Posted by Angemble Snaimble3706 2021-11-13 15:45||   2021-11-13 15:45|| Front Page Top

#15 I can actually picture my Dirty 30s grandmother hanging the filters on the clothes line.

Going to tease daughter about Lady Gaga inspired flour sacks.
Posted by swksvolFF 2021-11-13 15:57||   2021-11-13 15:57|| Front Page Top

#16 A sheet of paper towel works well asa coffee filter, too.
Posted by trailing wife 2021-11-13 16:31||   2021-11-13 16:31|| Front Page Top

#17 I scored a 14 lb store brand frozen turkey from Meijer in NE OH for 33 cents a lb today.
Posted by Bubba Lover of the Faeries8843 2021-11-13 23:51||   2021-11-13 23:51|| Front Page Top

12:17 Abu Uluque
12:08 swksvolFF
12:08 ed in texas
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11:53 Grom the Affective
11:53 ed in texas
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