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Before you pour yourself a cold one, keep in mind that some / all of that increase was due to higher prices - depending which index or observor you believe. …
Excerpt -“Amid a higher than expected 6.2% increase in consumer prices in October compared to the same month last year, the price of meat, poultry, fish and eggs rose 11.9%, the fastest increase since December 1990, the Bureau of Labor Statistics said Wednesday, with beef prices up 20.1% and pork up 14.1%, adding to concerns …”
Is this food inflation only transitory? Related to chip shortages, or tie ups at ports, or truck drivers smoking pot and losing their CDLs?
We probably haven’t noticed these food price increases because we eat only plant-based foods. I did hear an anecdote on the news about a rib roast costing $100 this year. Shortages in the stores are definitely affecting our shopping, however.
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Meatflation
Excerpt -“Amid a higher than expected 6.2% increase in consumer prices in October compared to the same month last year, the price of meat, poultry, fish and eggs rose 11.9%, the fastest increase since December 1990, the Bureau of Labor Statistics said Wednesday, with beef prices up 20.1% and pork up 14.1%, adding to concerns …”
Is this food inflation only transitory? Related to chip shortages, or tie ups at ports, or truck drivers smoking pot and losing their CDLs?