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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:JustinKGunther:MV80NzU4MDg3Xzg2NjkzMTczX0REOTQ5NTdB] [quote:Anonymous Coward 74667243:MV80NzU4MDg3Xzg2NjkzMDkzXzQyRDVEMkMz] [quote:Anonymous Coward 80241661:MV80NzU4MDg3Xzg2Njg4NDAzXzdFN0Y2RkU3] The weekly grocery bill has been going up steadily for 4 years straight with the only difference being that now the smaller packaging sizes that they have been using to charge the same price that are now finally catching up with this inflation shake down using economic warfare to solve that pesky social security insolvency issue and medicare entitlements [/quote] Yeah best example wife and me noted on the smaller packaging - and it took a while before we noticed - was on organic potatoe. It used to be $4.99 for five pound bag at Tops. Then eight months or so ago we were making mashed potatoes and realized the 'same' bag didn't yield as much mashed potatoe. Pulled out a bag (which still costed $4.99) and were surprised to see it was now four pounds, not five. Then a couple months later, when I was purchasing a bunch of bags of yellow organic spuds, I noticed how lightweight the first bag was I picked up. I looked and was amazed to see THREE pounds. Price ? $4.99. So in six months time or so, organic potatoes have gone up 40% in price. Or taken another way: 40% less potatoes for the same price. [/quote] Our block cheese sales are now 2x400g blocks for $9 when they used to be 2x450g blocks for $8. That's been since last fall/winter. 10lb bag of regular potatoes can range from $7 at Walmart to $2 at Giant Tiger. Manufacturers regularly play with product quantity as part of their strategy to confuse consumers into thinking they're getting better deals than they are. Take a look at MyFitnessPal food entries if you want proof. The same product is available in like 10 different quantities depending on time/region. [/quote]
Original Message
[
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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