This article was originally published by Michael Snyder at The Economic Collapse Blog.
If you think that inflation is bad now, just wait until we get into early next year. As you will see below, some of the biggest corporations in the entire country have just announced major price increases which will take effect during the first few months of 2022. So if there are some things that you want to stock up on, you may want to do it now, because your money won’t stretch as far once we get a few months down the road.
I really wish that I had better news for you. I really wish that I could tell you that prices are going to level off and that economic conditions will return to normal soon. Unfortunately, the truth is that it appears that our problems will soon be accelerating.
Earlier today, I was stunned to learn that General Mills has announced that prices on “hundreds of items” will be jacked up dramatically in early 2022. In some cases, prices “will go up by around 20%”…
General Mills (GIS) notified retail customers that it’s raising prices in mid-January on hundreds of items across dozens of brands. They include Annie’s, Progresso, Yoplait, Fruit Roll-Ups, Betty Crocker, Pillsbury, Cheerios, Cinnamon Toast Crunch, Lucky Charm’s, Wheaties, Reese’s Puffs, Trix and more, according to letters General Mills sent to at least one major regional wholesale supplier last week.
For some items, prices will go up by around 20% beginning next year.
Ouch.
When you go to the grocery store after the holiday season is over, get ready for a case of severe sticker shock.
Of course, General Mills is not the only large corporation that will be doing this.
According to CNN, Tyson Foods, the Kraft Heinz Company, Procter & Gamble, and Kimberly Clark have all announced significant price increases for 2022…
General Mills’ plans are the latest evidence that rising prices won’t be going away anytime soon for some of the most recognizable food and household brands. The company is the latest consumer manufacturer to announce price hikes beginning next year, joining Tyson (TSN), Kraft Heinz (KHC), Mondelez (MDLZ), Procter & Gamble (PG), Kimberly Clark (KMB) and others.
In my entire lifetime, I have never seen anything like this.
Right now, a single shopping cart of food can easily run more than 250 dollars at the grocery store.
Once these price increases go into effect, will it take 300 or 400 dollars to purchase a typical shopping cart full of food?
Just thinking about that gives me the shivers.
Things are going to be changing at your local dollar store too.
This week, it was announced that the standard price point at Dollar Tree will be moving to $1.25 “by the end of April”…
After 35 years of selling goods for a buck, Dollar Tree is boosting its standard price point to $1.25 by the end of April, the company said in a statement Tuesday. While the decision is “not a reaction to short-term or transitory market conditions,” Dollar Tree acknowledged the inflationary environment and said the price boost will help mitigate historically high costs, including freight and distribution expenses, as well as wage increases.
“Lifting the one-dollar constraint represents a monumental step for our organization,” Chief Executive Officer Michael Witynski said in the statement. The move will allow Dollar Tree to expand its product assortment and reintroduce some items that were pulled due to the $1 constraint.
It was inevitable that this day would come, but it is still very sad to see it actually happen.
When I was growing up, I remember going to the “five and dime”, and in those days you could actually buy things for a nickel or a dime.
Many readers may think that a 25 cent increase is not that big of a deal, but for the millions of impoverished Americans that regularly shop at dollar stores that will really add up.
Suddenly moving from $1.00 to $1.25 is a 25 percent price increase, and that change will literally apply to thousands upon thousands of different products.
Inflation is rapidly eroding our standard of living, and the American people are not happy about it.
In fact, Americans disapprove of the way that Joe Biden is handling this crisis by about a two to one margin…
Americans overwhelmingly disapprove of President Joe Biden’s handling of the inflation crisis (67%), according to the results from the latest CBS-YouGov Poll.
There were 33% of Americans that did approve, though, which is just 11 points less than Biden’s presidential approval rating of 44% in the poll.
Biden keeps spouting lots of empty promises that make it sound like he intends to do something to combat rising inflation, but his actions show that he really doesn’t care.
He keeps pushing for Congress to pass more absolutely colossal spending bills, and he just nominated Jerome Powell for a second term as the head of the Federal Reserve.
Powell and his cronies pumped trillions upon trillions of fresh dollars into the system in order to prop up the financial markets, but in the process they have unleashed a tsunami of inflation that is unlike anything we have seen since the 1970s.
And this is just the start. As I warned in both Lost Prophecies and 7 Year Apocalypse, eventually we are going to be facing inflation that is far, far worse than anything that we experienced back in the 1970s.
But Janet Yellen continues to insist that everything will be just fine.
According to Yellen, inflation will be subsiding by “the second half of next year”…
“I think in the second half of next year, we’ll begin to see inflation subside and the way you’ll be able to see that is by looking at monthly inflation rates,” added Yellen, who addressed the forum virtually.
Even though she has been wrong over and over again, you can keep believing her if you want.
And you can keep believing Jerome Powell, Joe Biden, “Dr. Fauci” and all the rest of them if you want.
But they aren’t telling you the truth.
These are the days of the great currency meltdown that so many have been warning you about.
The dollar is in the process of dying, there are shortages all over the country, our economy is being shaken in hundreds of different ways, and the worst global energy crisis in decades has suddenly erupted.
Unfortunately, things are going to get even worse in 2022.
So hold on tight, because a really bumpy ride is ahead of us.
***It is finally here! Michael’s new book entitled “7 Year Apocalypse” is now available in paperback and for the Kindle on Amazon.***
About the Author: My name is Michael Snyder and my brand new book entitled “7 Year Apocalypse” is now available on Amazon.com. During this season, I would like to encourage you to send digital copies of my new book to your family and friends as gifts. That will help to support the work that I am doing, and it will help to multiply the impact of the book. In addition to my new book, I have written five other books that are available on Amazon.com including “Lost Prophecies Of The Future Of America”, “The Beginning Of The End”, “Get Prepared Now”, and “Living A Life That Really Matters”. (#CommissionsEarned) By purchasing the books you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe. I have published thousands of articles on The Economic Collapse Blog, End Of The American Dream, and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe. I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article. The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial, or health decisions. I encourage you to follow me on social media on Facebook and Twitter, and anyway that you can share these articles with others is a great help. During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.
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Just need sugar, malt extract, yeast, nutrient, and toilet paper (I will sell for 10 bux a roll). 😀
And slightly “used” for 5 bux a roll! 😛
Send it to Mr. Whipple and he will squeeze the “shit” out of it!
Have to get out the old Sears and Roebuck catalogs again.
well all i can tell you pilgrim ….is the last time there was a trouble brewin in Ukraine …the Russian hookers raised their prices 40%
so im told
so you might as well add them to the list.
It’s time to buy the big screen teevee & a case of magic beans.
The American dollar isn’t going to die anytime soon. The Americans are.
… Good article but not being able to afford buying a bunch of mostly toxic processed foods isn’t exactly Armageddon.
True-a bunch of stuff you shouldn’t be putting in your body anyway.
Lost prophecies my A$$…the only one lost is synder….
All one needs to do is to read the word of God to see these days were spoken long ago…God has ordained all things…
You should be worried about your eternal life and not this temporal one…
“The LORD hath prepared His Throne In the heavens; and His Kingdom ruleth over all” (Psalm. 103:19).
The Lord God omnipotent reigneth. His government is exercised over inanimate matter, over the brute beasts, over the children of men, over angels good and evil, and over Satan himself. No revolving world, no shining of star, no storm, no creature moves, no actions of men, no errands of angels, no deeds of Devil—nothing in all the vast universe can come to pass otherwise than God has eternally purposed. Here is a foundation of faith. Here is a resting place for the intellect. Here is an anchor for the soul, both sure and steadfast. It is not blind fate, unbridled evil, man or Devil, but the Lord Almighty who is ruling the world, ruling it according to His own good pleasure and for His own eternal glory.
“The disposings (margin) of the heart, and the answer of the tongue is from the LORD” (Prov. 16:1). Mark that the above declaration is of general application—it is of “man,” not simply of believers, that this is predicated. “A man’s heart deviseth his way: but the LORD directeth his steps” (Prov. 16:9). If the Lord directs the steps of a man, is it not proof that he is being controlled or governed by God? Again: “There are many devices in a man’s heart; nevertheless the counsel of the LORD, that shall stand” (Prov. 19:21). Can this mean anything less than, that no matter what man may desire and plan, it is the will of his Maker which is executed?
What a joke . This so called god of yours is either responsible or useless for allowing the miscreants to rise to power in the first place .
I agree.
Dollartree the discount store is raising prices from $1.00 per item to $1.25 so this is 25% increase. I hit the local store this week, spent $200.00 on food items before the increase takes place which would be a $250.00 purchase to keep it in perspective.
Not all their food items are processed stuff, dry beans,rice, canned soups (quick, take little heat) canned tuna, read the labels and expiration dates.
We still have a .99¢ store here.
They do sell other items that cost more, but for now, the bulk of the store is still .99¢…
The sheeple have NOT realized they are in the pot of water that is slowly being brought to a boil, IF they ever do feel/see it, they will already be dead sheep walking.
If you decide to stockpile necessities, no matter how you define what is necessary, keep one thing in mind as you do:
No one needs to know what you have.
And I mean NO ONE!
That means keep your mouth shut about what you have, don’t mention it anywhere to anyone.
Most cant. They like to show off & brag to make themselves look important or smarter.
Sadly so.
Most people learn their lessons the hard way by making mistakes and suffering consequences.
But the wise will see the mistakes of others and avoid making them themselves.
If you were a globalist and wanted to rise to power in the globalist sphere , how would you go about it?
One of the best ways I can think of is to release a virus of Biblical proportions.
Then stand back and say …. See I told you it was a bad idea to farm out all the manufacturing to China…
I have to be honest with myself on this…the Chinese have made my life better.
I have a lot of stuff that was made in China that makes my life eaiser and I didn’t
have to break the bank to get it.
I’m not talking about electronic gadgetry or trendy widgets…I’m talking about farm emplements , small engines, winter clothing, hell pretty much everything.
Sure some of it is cheaply made but it gets the job done.
I recently bought a trash pump that hopefully and most likely will never be used more than a couple times and didnt have to pay a fortune to get it.
In the past I have always been one of the first to jump on the “Buy Made In USA” bandwagon.
I hate to keep repeating myself on this but the question remains …how can the Chinese manufacture a compareable product , ship it halfway around the world and put it on the shelf for half the price?
The usual argument is the price of labor. …Horseshit! ….Do the math… if the labor was free American products would still cost more in many if not most cases.
This should be a time of ponderance for all of us.
I dont see how the Globalist …or their War Mongering Colonist faction are essential to the existence of humans …period.
And this …mask/dont mask … vax/ don’t vax…. bullshit is just a distraction for the dumbed down masses while two factions of the same evil …battle for control of the beast system.
Can the people of the world coexist and be mutually beneficial to oneanother without these mothrefcukers?
I think so…and that should be the conversation taking place instead of this pandemic left/ right propaganda fueled drama.
Greed Destroyed the USA’s industrial capacity.
China not only makes junk, but some of the best products…ONLY if people are willing to pay for the price point. Most corporations are just busy importing things made as cheaply as possible, but selling for as much as they can get….
Amen brother Slak , many of us think alike , but far too many are sleeping this one off , at least till the s–t from the fan comes back and effects them , then the barrow a cup of wheat bs starts , cause you know you have more than we do and your house is bigger , and your truck is newer , so ya you owe us . Good luck with those needy neighbors who woulden’t even give you the time of day when you asked them early on to attend a block meeting or got the blank look when you mentioned the economy going south. In the famous words of my ex , Shoot them all and let God sort them out . PTL and pass the 9mm !!!
My Dad was born in 1921 and he would tell about growing up in the 20’s and 30’s and how prices were in the late 20’s were. His parents would go to town with a pocket full of cash ( his version ) and come home with a wheel barrow full of gorcies after the crash of 29, his folks would go to town with a wheel barrow full of cash and come with a bag of gorcies ( again his version ) and he always said that it will happen again. Just wait and see he would say. Guess what Dad, it’s happening again and I think it will be a lot worse, as how many people have gardens to supplement their gorcey bill. How many people live the cities now as compared to the number of people then that lived in the country. How will they survive ? More hand outs from the communist democrats ? This reminds me of stories that I’ve read about the Russian communists taking over their country and making the people obey them. Is the manure going to hit the fan so to speak? Only time will tell.
What? Brandon doesn’t care??? Neither does my grandfather living in the Alzheimers unit at the local care home. So I guess no one is in charge here (wink wink) …
Got Silver and gold? Just ask Venezuela!
Amen brother Slak , many of us think alike , but far too many are sleeping this one off , at least till the s–t from the fan comes back and effects them , then the barrow a cup of wheat bs starts , cause you know you have more than we do and your house is bigger , and your truck is newer , so ya you owe us . Good luck with those needy neighbors who woulden’t even give you the time of day when you asked them early on to attend a block meeting or got the blank look when you mentioned the economy going south. In the famous words of my ex , Shoot them all and let God sort them out . PTL and pass the 9mm !!!
Huge difference between “want vs need” and people are soon to find that out, if they haven’t already.
Those that are living above their means will be the first to collapse and panic.
Those that have always lived at or slightly below their means will be alright for awhile.
Feel for the guys that are married to a “high maintenance” woman.
Look at it this way,at least you will finally know if your wife loves you unconditionally or just the lifestyle you provided for her.
Expect record number of divorces over the next 5 years.
Soon inflation will not be the problem, but availability. It doesn’t matter what it costs if you can’t buy it. Maybe the drug cartels will start black marketing. Buy some cocaine and a pound of ground beef! FJB!
Since Michael says it costs $250 in his cart, take out the $23 1/2 lb. steaks, the $8 store bought pies, the $8 bakery bought cookies, the $40 lobster tail, and get realistic.
Sure costs are going up, but be frugal in your choices. To fill up a large grocery cart costs me $100 and half of it is food storage.
You;re asking people to limit and discipline themselves?
This is America, bub, you some kind of America hater or something?!
Greed, gluttony, entitlement, laziness,drug addiction,obesity,jealousy, and ignorance,have been the norm for the better part of the past 30 years.
As long as the public can continue to enjoy their drugs, alcohol, cigs, vapes, phones, tablets, Internet,porn, video games, sports, fast food, energy drinks, etc; they are content and will tolerate the rest.
Discipline, respect, appreciation,common sense, patience and accountability went the way of the dinosaurs after the 1980’s.
Too many dollars chasing too few goods = inflation. Only problem is those too many dollars that the Fed is pumping out are getting into the wrong people’s hands – the rich.
Do you want to control your own food and supplies? Get a Freeze Dryer and buy organic food and freeze dry it and put in jars with Oxygen absorbers and VIOLA you got good stored food!
A freeze dryer is actually fairly easy to make if you are handy mechanically and inclined to do so because you can’t afford to buy one ready made (or just enjoy making stuff yourself).
prices may “subside” but will NEVER go back down.
As long as people have the need for material garbage they will be stressed out over these high prices. They just love the junk from China. L MAO
So I’ll just continue to grow a garden and keep canning. I won’t buy all that junk food that’s getting more expensive. I’m doing me a favor. I couldn’t give a care to those corporations any ways.