Wow Food Prices Went Nuts In A Week!!

flour,coffee,beans all up 25% from just a week ago..

here comes hyperinflation.. yay..

i hear Australia is bein hammered by food prices as well,anyone else notice any stiff mark ups in the last couple weeks?

could be worse,, i hear Zimbabwe's inflation rate is 100,000%..

 

Yeah.... ethanyl (spelling!)

"clean energy"

:lol:

 

Yes, and on top of the hyperinflation, there are also massive shortages in grain and corn (thanks in part to ethanol production).

 

No, because the cost of grain to grow corn, wheat and other cash crops have gone up so the farmers are buying seeds for other types of crops and can't afford to live off their yields when the prices to grow their corn crops etc, is too high.

This has resulted in a shortage.

 

WTF???

could you edit that to where someone could actually understand what the fuck your saying??

 

you got a link to where you read this at?

 

Yeah bread is going to be like 8 dollars a loaf too

That sucks

 

LOL.

Farmers can't afford to grow corn for food consumption anymore.

Ethanol production is a small vectored industry of where the food market and corn growing was headed.

Most of the corn being grown today is used in food consumption but by diverting it off and away to make sugars and corn syrups for people; it is those inexpensive sweets and processed foods we buy packaged full of sugar for cheap in grocer's that is the problem. The costs to buy seed has risen but the farmers can't feed their families with the amount of yielded cash they get back from their crop.

I'm saying that since the price of seed for wheat, corn, tobacco, and other crops that are intended to be grown for direct sale and are considered 'cash crops' (because you get instant cash for selling them off as soon as they can be harvested since they are always in high demand, right?), are all going up in price - the farmers have decided to purchase other less expensive seeds to grow.

Thus a shortage of cash crops will be planted this season.

 

read what? i went grocery shopping today. it just so happens we are stocking up because we believe this is going to get VERY VERY BAD before it gets better..

the EXACT same items that we purchased the week before,coffee,flour,beans, all went up 25% since last week.

i really didnt pay attention to the rest of the groceries,i was already in shock..

 

that's not hyperinflation. hyperinflation is what happens in zimbabwe when $10,000 is worth $1 the next year. their currency is becoming like confetti, whereas overall we only experience about 3% inflation across the board.

 

So that's what the media told you, eh?

CORE inflation is around 3%. General ("headline") inflation is more along the lines of 11%.

The core inflation rates they give you are not associated with energy. Is there ANYTHING Americans buy that doesn't involve energy?

All you need to do is go to the gas pumps or the grocery store, and you will see that inflation is alive and well.

Yes, it's hyperinflation. And yes, our currency too is becoming confetti.

 

Yeah, that is quite unfortunate overall. Time for people to start getting their own food.

I personally have no problem farm robbing if I can't afford ample groceries.....you know, pulling up next to a field and filling the bed of the pick up with produce. Farm fresh.

 

http://www.bls.gov/news.release/cpi.nr0.htm

inflation is 4% for the past year, the historical average is about 2.5-3%.

energy is up 18.9% over the last year, but that hasn't been reflected in other areas. Food prices are only up 4%, and if you discount the two biggest factors, food and energy, all other goods are only up 2.3%.

like i said, hyperinflation is what happens to zimbabwe when they have an inflation rate close to 100,000%.

 

I am not talking about core inflation. You don't listen.

If you believe overall headline inflation is 3-4%, then you likely believe whatever you're told.

And if you believe food prices haven't been affected, then you really are out of the loop.

 

You could feed a person for 365 days on what it would take to fill up one SUV one time using corn ethanol.

 

hey idiot, read the data! weighted inflation over all goods (assigning the most weight to food and energy) is 4%. and food is up 4%.

stop defending a point that you're wrong on. there's nothing wrong with learning.

 

And you believe the government's numbers? I don't need to look at their numbers when all I have to do is go to the gas station or grocery store. Prices are going up, and it's because of inflation. Duh!

And besides, anyone with a clue about economics will tell you that the CPI does NOT reflect the true level of inflation.

 

uhhh... the government's numbers agree with prices going up.

did you read the data?

 

Ever watch a basketball game? All the important stuff doesn't go down in the scorebook.

 

Huh?