Weatherman2020
Diamond Member
Stop believing your lying eyes.
The same people who told us to appreciate saving $0.16 on our July 4th BBQs last summer are now taking the official position there is no massive food inflation.
Those skyrocketing prices you think you see at the grocery store are not real. Those announcements of forecasted price increases by the food producers, well, those are not real either.
“2021 retail food price inflation continued at same pace as 2020 but varied among food categories.” Oh, but it gets even more stupid:
“USDA, Economic Research Service (ERS) researchers project that prices for food-at-home, or food purchased typically from grocery stores or other food stores, will increase between 1.5 and 2.5 percent in 2022, lower than the 3.5-percent increase that occurred in both 2020 and 2021. Forecasts for all food categories for 2022 are available in ERS’s monthly Food Price Outlook data product, updated January 25, 2022.”
The same people who told us to appreciate saving $0.16 on our July 4th BBQs last summer are now taking the official position there is no massive food inflation.
Those skyrocketing prices you think you see at the grocery store are not real. Those announcements of forecasted price increases by the food producers, well, those are not real either.
“2021 retail food price inflation continued at same pace as 2020 but varied among food categories.” Oh, but it gets even more stupid:
“USDA, Economic Research Service (ERS) researchers project that prices for food-at-home, or food purchased typically from grocery stores or other food stores, will increase between 1.5 and 2.5 percent in 2022, lower than the 3.5-percent increase that occurred in both 2020 and 2021. Forecasts for all food categories for 2022 are available in ERS’s monthly Food Price Outlook data product, updated January 25, 2022.”
2021 retail food price inflation continued at same pace as 2020, but varied among food categories
Retail food prices increased by 3.5 percent in 2021, equal to the rate in 2020 and greater than the historical annual average of 2.0 percent from 2000 to 2019. Of the 12 food categories depicted in the chart, six showed slower price increases in 2021 compared with 2020. Dairy products and fresh...
www.ers.usda.gov