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The trend I am noticing is not only prices going up. But quietly they are reducing the amount you get in the packages as well.
I can remember when you could buy a loaf of bread for $0.25. Now a loaf of bread is over $2.00 and even more if you get the fancy stuff. Guess those plastic bags they put it in is adding to all the cost. It was cheaper when it came in a plain old wrapper instead of plastic.
butter 2.19 a lb
milk 3.39 a gal
i see prices going up .... nc is a leading pork producer so we can get pork pretty cheap
seafood has gone sky high....wild caught shrimp 13.99 a lb
Corn prices have a direct bearing on the meat market because the price of feed is the big cost in raising animals for market. The corn crop looked like it would have record year but because of bad weather in some sections of the country it isnt going to be that big.
Corn prices have a direct bearing on the meat market because the price of feed is the big cost in raising animals for market. The corn crop looked like it would have record year but because of bad weather in some sections of the country it isnt going to be that big.
It must be a regional thing, but corn was plentiful and cheap in this area this summer, same with bagged corn for animal feed.
Corn prices have a direct bearing on the meat market because the price of feed is the big cost in raising animals for market. The corn crop looked like it would have record year but because of bad weather in some sections of the country it isnt going to be that big.
It must be a regional thing, but corn was plentiful and cheap in this area this summer, same with bagged corn for animal feed.
Corn prices have a direct bearing on the meat market because the price of feed is the big cost in raising animals for market. The corn crop looked like it would have record year but because of bad weather in some sections of the country it isnt going to be that big.
It must be a regional thing, but corn was plentiful and cheap in this area this summer, same with bagged corn for animal feed.
Using corn for fuel may change that.
It must be a regional thing, but corn was plentiful and cheap in this area this summer, same with bagged corn for animal feed.
Using corn for fuel may change that.
I think corn ethanol is fading out. It was a terrible idea. And it went afoul in June 2008 when commodities spiked.
Using corn for fuel may change that.
I think corn ethanol is fading out. It was a terrible idea. And it went afoul in June 2008 when commodities spiked.
No offense to the industry, but considering the nutritional value, and the need for food, converting it to fuel, could be a real threat to food supplies in the future. In NY Ethanol is still big.
I think corn ethanol is fading out. It was a terrible idea. And it went afoul in June 2008 when commodities spiked.
No offense to the industry, but considering the nutritional value, and the need for food, converting it to fuel, could be a real threat to food supplies in the future. In NY Ethanol is still big.
sorry to hear that. Converting food to fuel was a stupid idea before it even began.
If energy prices were allowed to drive food prices then a large % of the word's population could be driven directly into starvation.
Fortunately the ethanol business model relies on CHEAP corn. So there is a safety valve.
Ethanol, and really biofuels in general are a scourge on our food supply AND natural resources. The downside for producing it is SO much worse than oil, with less than half the energy per gallon.
If it weren't totally subsidized from corn to tank... it would never survive a month.
I think its only going to get worse. Prices have gone crazy here too. A gallon of gasoline here is between 2.95 to 3.10
Yes, food and energy are used in calculating inflation. But the PPI, CPI, and PCE are all large baskets of goods, aggregated from the local area up, weighted and applied at the national level. So overall, country as a whole, we're experiencing almost no inflation.Something funny is happening, I swear it. Gasoline prices are stable...they've been below $2.50 gal for over a year. But for some reason, natural gas prices around here are exploding. I strongly suspect illegal price gouging.
How can they say "we have almost no inflation" if food and heating cost twice what they did, or more? They don't consider food or energy in indexing inflation? Seriously?
WTF?????
No, it is not.
The Government reported GDP growth rate is adjusted for a bogus definition of inflation used by the government, but it provides an overly optimistic view.
The BEA hasn't used the CPI in many years. They use the PCE (Personal Consumption Expenditure Price Index) which uses the raw data from the CPI survey, but with different classifications and weights.You are splitting hairs. GDP is by definition adjusted for inflation. Using the CPI as the inflation index. Not the core index that excludes food and energy costs but the complete index.
That's untrue. Hamburger and steak are in seperate categories and are not substitutable. It's not watered down, previous use of a LaSpeyres index at the item level overestimated inflation. Common Misconceptions about the Consumer Price Index: Questions and AnswersI realize that the CPI has been watered down replacing steak with hamburger and appraising additional value to comparable items etc.
But it is still an inflation adjustment all the same.
And watch for the government to change how stats are calculated in order to minimize how bad it gets.
EXACTLY!The trend I am noticing is not only prices going up. But quietly they are reducing the amount you get in the packages as well.