Prices for food are soaring as shelves are emptying across the country. The consumer price index continues to climb, but it’s reached a point where most people have seen and felt the prices in their wallets now.
Americans continue to face higher costs, reflected in sharp annual increases in the consumer price index going back to April. The July reading matched the year-over-year inflation rate of 5.4% in June, the largest annual jump since 2008, according to a report by Yahoo News.
Considerable increases in meat prices account for about half of the overall increase in grocery prices, according to a report from the White House’s National Economic Council. Since December 2020, prices for beef have risen by 14%, pork by 12.1%, and poultry by 6.6%.
Fruits and vegetables are also up by 4.4%, cereals and bakery goods are up 4.3%, and dairy and related products are up 6.3% as of July compared to a year earlier. –Yahoo News
This is by design. We all know that the creation of fiat currency (the United States dollar) will result in inflation. More dollars are now chasing fewer goods while the wealthiest got even wealthier in the aftermath of the government’s COVID-19 response. Hopefully, we have all been able to see that this was coming over a year ago. If not, get extra food items now because they will never be cheaper, and may never be on the shelves again!
Some grocers say they are having to raise prices daily and that certain meats such as chicken should be priced even higher than it already is.
And, to make matters even worse, there is no relief in sight. The U.S. Labor Department said inflation at the wholesale level climbed 8.3% last month from August 2020, the biggest annual gain since it started calculating the number in 2010, according to Yahoo News. Also, the Bureau of Labor Statistics reported an additional overall food price increase of 0.4% in August compared to July, after larger increases in recent months.
The supply chains have been all but destroyed which isn’t helping. Some stores can’t even get deliveries and when they do, they are not complete. This is leading to empty sections in most stores across the country.
Stay prepared and continue to take notice of what’s going on in your area.
6 Budget-Friendly Prepper Items You Need To Buy in September
Make sure you stay on top of this. If food becomes so pricey people can’t eat, we are going to see unimaginable chaos. Refuse to live in fear, trust your preps, and keep trying to do better. That’s the only thing we can do right now.
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Shrinkflation observation
A frozen Red Baron pizza used to be 12 inches…they are now 10 1/2 inches.
I used to pick potatoes as a kid. We were told not to pick up the small ones. Now the bag is mostly all little potatoes. There used to be a running joke:
“How’d your potatoes do?”
“OK…I had some the size of golf balls…and then there were some little ones.” Half the bag is golf ball size nowadays.
The cereal boxes got so narrow you need bookends to hold them up.
A two pound can of coffee is now 29.5 oz.
Ice cream is 1.5 quarts instead of 1/2 gallon.
The ham slices are so injected up they shrink to half size and fill the pan with water when cooked.
Bacon is 12 oz instead of a pound.
Large eggs look the same size as small but cost more.
Fresh chicken wings cost more by the pound than quarters. They used to be considered scrap by the butchers. They are rare to find nowadays.
There was plenty of shrinkflation in 2007-08. Most didn’t even notice.
Actually what you are saying seems to have been the standard for quite a few years … so not sure where you are going with this unless it gets worse. yes I have noticed some items not in stock and certain foods like veggies going up in price. But we still can live …
We will eventually, maybe sooner than later, reach the point where a days worth of food will cost a days wages for most of us.
hoarders may become an endangered species if rationing isnt implemented.
“lean manufacturing” isnt a new concept …it started with manufactures of high end products and has worked it’s way down to a box of mac and cheese.
from a business perspective theres no profit to be made from a product that gets tossed when it exceeds the expiration date.
theres less profit to be made from last years model of car when the new models devue …. so on and so forth.
hence “lean manufacturing”
manufactures have been looking for a black swan event to take the concept full scale for years….by design so to speak.
fast forward….
as I have stated many times on this site …That If a shooting war results …it WILL NOT be between political adversaries but rather “the haves” and “the have nots”.
it seems at least a few nationally syndicated media outlets are finally catching on to the possibility of this scenario.
ht tps://en.wikipedia.org/wiki/Lean_manufacturing
Rationing isn’t coming, it’s already here. It’s called shortages and limits per customer.
true but I’m trying to get readers to look at the rudimentary concepts behind Manufacturing On Demand (MOD) and prepare accordingly.
Gone are the days when the bread delivery guy shows up at Walmart with 200 loaves of bread and then returns to the bakery with 25 loaves of bread from his previous delivery that didnt sell.
It has nothing to do with scarcity or labor shortages.
Is about profit.
The problem retailers are having with implementation is getting Americans to not freak out when they see an empty shelf.
From now on its first come / first served…and that can get dicey.
Think Black Friday Brawls.
Bezos has mastered the art of MOD….its a little tougher in the grocery bidness.
not to mention a horrible and dangerous business trend.
what if there was a real pandemic?
I over heard a gun store employee tell a customer today when the customer ask about a particular type of caliber when and if they would be getting a certain caliber in and the gun store employee stated ” we used to know what was coming in on any given delivery of ammo, now we get what we get. We never know from one delivery to the next what we are getting. Sometimes we’ll get a little and then sometimes we’ll get a whole lot: “
We went pullin crab traps – we let’m soak all day. It had been a dismal season so far, the crab shacks were desperate for crabs to boil.
We did okay that day on numbers, what amounted to about 4 champaignes but the crab was mediums at best.
Roger pulled up to the crab shack, just a little spot in Berwick, an the man come out an he asks Roger “what ya got for me man”? Roger says “well we did good today man, got about 4 bushel selects”.
The restauranteur he lifted up the tarp coverin the crab an he look an he declares “Roger – dem ain’t no selects man”, shaking his head, “you shoulda pitched them back for next year”.
Roger he say “now do you have any crab to boil man”? The boiler he says “well you know I don’t Roger, nobody got none”. Roger tells him again “these is selects”! He bought em all.
COVID-1984 is a war against the middle class.
Shutting down the economy has crashed the working poor, with immediate and predictable knock-on effects.
The food is there; the farm labourers and truckers aren’t, apparently.
The REAL numbers are much higher than those posted, MY food bill has increased by 40% since 2 years ago and I eat the same stuff all the time and so my numbers are correct.
how is your free will feeling? In today’s world we need to be reminded that we were all born with free will OneLOVE
https://anchor.fm/queen91/episodes/Freewill-Citi-ZEN-e17gl7s