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2022-02-10 Economy
Grocery prices are expected to rise ‐ again
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Posted by Besoeker 2022-02-10 03:35|| || Front Page|| [11126 views ]  Top

#1 A Goldman Sachs report showed that consumers should expect "substantial increases in food prices" in the likes of a 6% climb this year — similar to what people experienced last year.

Wow, I want to shop where these people do. Must be one of those special shops for the elite like in the FSU.
Posted by Hupavish Speaking for Boskone8393 2022-02-10 06:18||   2022-02-10 06:18|| Front Page Top

#2 6%
There goes my SS increase.
Posted by Skidmark 2022-02-10 07:47||   2022-02-10 07:47|| Front Page Top

#3 Inflation accelerates 7.5% in January, hitting a fresh 40-year high
Posted by Skidmark 2022-02-10 08:59||   2022-02-10 08:59|| Front Page Top

#4 Cars, food, energy, Medical coverage and costs, Gasoline, you name it. ALL are rising in cost IF you can find them. So realistically the US consumer is seeing 21% to 100++% price increases, depending on the item needed.

However, for some lame reason, DC Congress only saw fit to allow a
Social Security 2022 COLA of only 5.9%.

So DC think about this, we see you spending $### Billions bailing out industries or protecting other nations. But you have failed to protect your own senior citizens/Voters.

Also was the Inflation the other shoe in the Pandemic to drop?

Because both Covid-19/22 and Inflation are literally killing Seniors.

It is like both were designed/engineered to eliminate the Elderly, those in unprotected demographic groups with lower incomes and those with existing medical issues.

Posted by NN2N1 2022-02-10 10:25||   2022-02-10 10:25|| Front Page Top

#5 Young Brandon's not tryin' to get a sniff o' Jimmah in that pic, is he?
Posted by Merrick Ferret 2022-02-10 10:59||   2022-02-10 10:59|| Front Page Top

#6 Food prices overall saw the largest increase since 2008, with a 6.5% jump in December. Meat prices went up 15%, while egg prices increased by 11%.

Bull, but just out of curiosity within the study, what items are keeping that average down? Because it sure as Brussel Sprout farts isn't my day to day items.

"Well, younger self, what do you think I did this morning?"

"You traveled to work in an automated heli-car!"

"Wrong. I squealed with glee when I say single serving Ice Tea was available."

"......Future is dumb."
Posted by swksvolFF 2022-02-10 11:02||   2022-02-10 11:02|| Front Page Top

#7 NN

Congress does not control the COLA adjustment to Soc Security. It is based on BLS data per statute.

Also the reason it was 5.9% was that it is based on a Oct1 to Sept 30 calculation, i.e., the fiscal year. The high Oct, Nov and Dec 2021 increases will be factored into next year's COLA
Posted by Lord Garth 2022-02-10 11:13||   2022-02-10 11:13|| Front Page Top

#8 To keep the prices the same, they decrease the serving sizes. Today, I splurged and had TWO Ritz crackers
Posted by Frank G 2022-02-10 11:45||   2022-02-10 11:45|| Front Page Top

#9 Remember the other day I made a crack about portions sizing switching to metric so they could more precisely hide that?

Yeah....

Somebody noticed the other day, and I have not been able to confirm, a pasta company size which had been listed at "1 lb (450 grams)" was now listed IIRC as simply "400 grams".
Posted by swksvolFF 2022-02-10 12:02||   2022-02-10 12:02|| Front Page Top

#10 High inflation is only transitory. I mean, eventually the Sun will go supernova.
Posted by Matt 2022-02-10 12:51||   2022-02-10 12:51|| Front Page Top

#11 I just priced an item I stocked about 4 weeks ago.

Up 10%.

I want one of those workplace signs, "It has been {x number of} days price increase free."
Posted by swksvolFF 2022-02-10 12:55||   2022-02-10 12:55|| Front Page Top

#12 I had a positive brain fart early last fall (21).
I realized that I would need some new truck tires before the end of spring (22).
So I bought 4 in October, took delivery when they made it thru the blockade, and tucked them away in the barn.
On THE DAY of the big freeze I took them back to the dealer for mounting and disposal. I got an extra 4 months of wear out of the old ones. The new mudders worked beautiful in the ice and snow, and following mud.
The dealer told me if he could get them now they would be something like $100 more/each and the cost of mount and balance would also be $10 more/each, which he ate due to the pre-existing contract.
Posted by Skidmark 2022-02-10 14:07||   2022-02-10 14:07|| Front Page Top

#13 Lord G
Thanks for the good data... Actually Learned something

But still congress setup and approved the COLA process, I stll feel congress is Failing Seniors.
Posted by NN2N1 2022-02-10 14:25||   2022-02-10 14:25|| Front Page Top

#14 Sir, congress has been failing us all for years.
Posted by Chris 2022-02-10 14:45||   2022-02-10 14:45|| Front Page Top

#15  I stll feel congress is Failing Seniors.

Given that Congress is taking an ever bigger chunk out of workers’ paychecks to cover Social Security and Medicare because there are ever fewer workers supporting each retired person, and given that the younger workers will have to work years longer than their elders before they’ll be able to collect anything at all, it seems fair that those already retired share some of the cost. The promises Congress made to future retirees in the past were impossible to keep, as was being discussed by the time I started paying attention in the first half of the 1980s.

I say this with the knowledge that because I’m short six months of the minimum years of paid employment to get back anything that I paid in, and because Mr. Wife was fairly ruthless about saving all the years of our marriage, it is highly likely that he and I will get nothing at all from Social Security when the time comes.

Despite Congress’s promises, designed to buy votes for the Democratic Party, Social Security is returning to its original purpose: a safety net for the elderly poor, not a state pension plan for the working class.
Posted by trailing wife 2022-02-10 22:07||   2022-02-10 22:07|| Front Page Top

22:18 trailing wife
22:13 trailing wife
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21:49 Anomalous Sources
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20:50 Merrick Ferret
20:43 Merrick Ferret
20:09 SteveS
19:59 Frank G
19:41 swksvolFF
19:34 james
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17:28 JohnQC
17:25 Bobby
17:20 JohnQC
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17:18 JohnQC
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17:00 jpal









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