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NBC News: Grocery Prices going through the Roof this Year
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In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Copperhead:MV80NzU4MDg3Xzg2Njg5NzEyX0FBOTlCNzBD] [quote:Doctor Congo:MV80NzU4MDg3Xzg2Njg4MzQxX0YxNTJERDRB] From the same main stream article: "Issues like higher gas prices, increasing transport costs that get passed on to consumers, especially for items like bread, are only going up as driving increases faster than oil production. So grocery prices are likely to remain on the higher end of estimates for at least the rest of the year, Olvera said. Producers may eventually increase their output in order to capture the heightened demand, but that won’t happen until toward the end of this year, Olvera said." and "The White House said Monday that it expects inflation to go up — and not go back down." ----------------- So the White House and their lackeys in the media are admitting this now. They would never say this unless it is going to be much worse. [/quote] The price of the raw stock (aluminum, steel and plastics) I use in my machine shop are going up dramatically also. These costs get passed on to the consumers, and will be felt by the public soon. [/quote]
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link to www.nbcnews.com (secure)
]
From the article:
"Shoppers had better start budgeting more for their grocery bills, according to the latest consumer price index, which shows prices are increasing — and they’re
likely to keep going up
.
The monthly consumer price index, released Tuesday morning by the Bureau of Labor Statistics, showed a 0.6 percent increase in March, the
largest one-month increase in nearly a decade
. Over the past year, prices have increased 2.6 percent overall."
One example is bacon is up more than a dollar a pound in some major cities. Supply problems are causing most of the increases and those problems are not going away thanks to Biden and liberal state governors. And it is going to get worse.
This is a very good year for everyone to start growing a garden.
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