Author Topic: Food Price Inflation Scares the Fed  (Read 922 times)

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Offline Rapunzel

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Food Price Inflation Scares the Fed
« on: March 15, 2014, 12:43:34 AM »

Offline mountaineer

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Re: Food Price Inflation Scares the Fed
« Reply #1 on: March 18, 2014, 08:01:33 AM »
No worries. Mooch says, "Let them eat arugula."
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Offline jmyrlefuller

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Re: Food Price Inflation Scares the Fed
« Reply #2 on: March 18, 2014, 06:26:32 PM »
No worries. Mooch says, "Let them eat arugula."
Of course, this is the kind of stuff that makes economists act like inflation isn't happening.  "Core" inflation, they argue, doesn't include food.

Offline Scottftlc

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Re: Food Price Inflation Scares the Fed
« Reply #3 on: March 18, 2014, 06:46:57 PM »
You can see it happening week to week in grocery stores...two bags can easily top $100, and will routinely be $50 +
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Offline Rapunzel

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Re: Food Price Inflation Scares the Fed
« Reply #4 on: March 18, 2014, 08:12:56 PM »
You can see it happening week to week in grocery stores...two bags can easily top $100, and will routinely be $50 +


Yup.......

Offline katzenjammer

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Re: Food Price Inflation Scares the Fed
« Reply #5 on: March 18, 2014, 08:43:11 PM »
You can see it happening week to week in grocery stores...two bags can easily top $100, and will routinely be $50 +

I've been watching the grocery bills going up for at least a few years.  I try to get stuff on sale and buy ahead and all of that, but it still amazes me how the total just keeps going up and up!!  And if that article I read the other day about the incredible spike in commodities since the beginning of the year is true, watch out in a month or two..... beef, pork, coffee, etc.  UP, UP, UP!!

Online Oceander

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Re: Food Price Inflation Scares the Fed
« Reply #6 on: March 18, 2014, 09:53:06 PM »
You can see it in other ways as well:  I went to the store to buy a bag of sugar - which I don't do very often - and thought that I couldn't find the bag I usually get - the 5 pound bag - until I suddenly realized that all the regular size bags were now 4 pounds, not 5.

Selling 4 pounds for the price of 5 pounds is just another way of hiding the fact of inflation, at least from those who don't look more carefully at what they're buying.

Offline Scottftlc

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Re: Food Price Inflation Scares the Fed
« Reply #7 on: March 19, 2014, 12:59:04 AM »
You can see it in other ways as well:  I went to the store to buy a bag of sugar - which I don't do very often - and thought that I couldn't find the bag I usually get - the 5 pound bag - until I suddenly realized that all the regular size bags were now 4 pounds, not 5.

Selling 4 pounds for the price of 5 pounds is just another way of hiding the fact of inflation, at least from those who don't look more carefully at what they're buying.

This way of masking the price has been used extensively for a few years now...to the point where you see it in, I dare say, most non-produce or meat grocery products...it is the exception to find it not in use.
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Offline katzenjammer

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Re: Food Price Inflation Scares the Fed
« Reply #8 on: March 19, 2014, 03:17:26 AM »
This way of masking the price has been used extensively for a few years now...to the point where you see it in, I dare say, most non-produce or meat grocery products...it is the exception to find it not in use.

Yes, almost everything is now a smaller package for close to the same "old" price.

Offline mountaineer

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Re: Food Price Inflation Scares the Fed
« Reply #9 on: March 19, 2014, 07:53:24 AM »
Quote
Yes, almost everything is now a smaller package for close to the same "old" price.
It started with Hershey bars several years ago, which used to be one ounce for a nickel; now just a fraction of an ounce for about 89 cents. Then coffee, which used to come in one pound cans, appeared in 13 oz. cans, and so it went ...   **nononono*
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Offline katzenjammer

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Re: Food Price Inflation Scares the Fed
« Reply #10 on: March 19, 2014, 08:06:18 AM »
It started with Hershey bars several years ago, which used to be one ounce for a nickel; now just a fraction of an ounce for about 89 cents. Then coffee, which used to come in one pound cans, appeared in 13 oz. cans, and so it went ...   **nononono*

I know!!  The coffee packaging is getting insane, I wonder what they will do if coffee spikes in a couple of months like I saw predicted??  6 oz. plastic jar for for $7.99??

Offline EC

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Re: Food Price Inflation Scares the Fed
« Reply #11 on: March 19, 2014, 08:08:12 AM »
That's illegal here - at least for foodstuffs (not chocolate or crisps)

You go in to any store and they have to give you the price per kilo or price per 100 grams on the shelf label. Makes it easier to see food is skyrocketing without having to keep years of receipts.
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Offline katzenjammer

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Re: Food Price Inflation Scares the Fed
« Reply #12 on: March 19, 2014, 08:13:42 AM »
That's illegal here - at least for foodstuffs (not chocolate or crisps)

You go in to any store and they have to give you the price per kilo or price per 100 grams on the shelf label. Makes it easier to see food is skyrocketing without having to keep years of receipts.

We do have the "unit pricing" labels on the shelves that show the price per pound/ounce/etc.  But the actual products' price is the misleading part as the price stays somewhat close to what we've  expected for some time, but the quantity just plummets.  A normal box of crackers seems to have shrunk down to what used to be a "travel" or "personal" size!!  It is really unbelievable....
« Last Edit: March 19, 2014, 08:14:17 AM by katzenjammer »

Offline Gazoo

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Re: Food Price Inflation Scares the Fed
« Reply #13 on: March 19, 2014, 08:16:24 AM »
"The Tea Party has a right to feel cheated.

When does the Republican Party, put in the majority by the Tea Party, plan to honor its commitment to halt the growth of the Federal monolith and bring the budget back into balance"?

Offline mountaineer

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Re: Food Price Inflation Scares the Fed
« Reply #14 on: March 19, 2014, 08:20:06 AM »
The only time I feel like I can afford to buy beef anymore is from the greatly reduced "last day" bin at the end of the meat cooler (usually the day before the "buy by" date), then I either freeze it or cook it immediately.
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Offline rustynail

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Re: Food Price Inflation Scares the Fed
« Reply #15 on: March 19, 2014, 08:21:32 AM »
There is more than one way to slim down the proles.

Offline rangerrebew

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Re: Food Price Inflation Scares the Fed
« Reply #16 on: March 19, 2014, 08:39:43 AM »
Of course, this is the kind of stuff that makes economists act like inflation isn't happening.  "Core" inflation, they argue, doesn't include food.

It excludes fuel prices, too, which in Michigan have been rising steadily.
« Last Edit: March 19, 2014, 08:40:38 AM by rangerrebew »
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Offline mountaineer

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Re: Food Price Inflation Scares the Fed
« Reply #17 on: March 19, 2014, 09:33:14 AM »
It excludes fuel prices, too, which in Michigan have been rising steadily.
Same here - up 15 cents or so in the past few weeks.
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Offline happyg

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Re: Food Price Inflation Scares the Fed
« Reply #18 on: March 19, 2014, 01:51:01 PM »
The kids got me a Food Saver a couple years ago for Christmas. I buy meat when it is on sale or at reduced prices, and vacuum it, then seal it. Hamburger is nuts, $4 per pound for 73% beef. $5 for 80%, and it goes up from there. Bacon is in 12 oz. pkgs, and costs more than 1 lb. pkgs used to. Milk in plastic cartons can be frozen, too, for later use.

Offline WAYNE

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Re: Food Price Inflation Scares the Fed
« Reply #19 on: March 19, 2014, 03:11:59 PM »
    I'll sure be happy when our farmers market opens in may.  The big thing to me is food and gas are not factors in COLAs.

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Re: Food Price Inflation Scares the Fed
« Reply #20 on: March 19, 2014, 09:32:33 PM »
That's illegal here - at least for foodstuffs (not chocolate or crisps)

You go in to any store and they have to give you the price per kilo or price per 100 grams on the shelf label. Makes it easier to see food is skyrocketing without having to keep years of receipts.

That price is given in most stores.  But just like you can lead a horse to water, but cannot make it drink, just because you put the unit price up doesn't mean anyone - other than codgers like me - are going to pay any attention to it.


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