Quote:
Originally Posted by MarkSF
I have read that the overall inflation measure doesn't give a very accurate picture, as the economy has recently had the highest inflation in core costs (food, fuel) but the inflation measure is a broad average.
|
OR, as with the CPI, they just swapped out the steaks for cheap burger in the 80's to make it look better...and in 2007 switched to chicken....
the best bet is to save a few grocery store tapes from this year and look at this time next year....
butter - up? Yep - Just 4 days ago – BUTTER HIGHLIGHTS: The current CME cash price of $1.6050 ... Early in 2011, the cash price increased to $2.1000 by January 7 and ...
Corn - up? Yep Feb 9, 2011 – Updated 2/14/2011 11:28:23 AM | ... Corn prices have almost doubled, from $3.49 a bushel in July to $6.10 in January.
Pbutter, yep that too....Oct 2011 Kraft (KFT, Fortune 500) will raise prices for its Planters brand peanut butter by 40% starting Monday, while ConAgra (CAG, Fortune 500) has instituted increases of more than 20% for its Peter Pan brand that went into effect this month. J.M. Smucker (SJM, Fortune 500), which makes Jif, will introduce price hikes of around 30% starting Tuesday.
I think the only thing we buy that has gone down in the past year was cranberry sauce.
Coke has gone from $2.30 a six pack for large bottles to $4 on sale at walmart... cans a tad cheaper...
You would think Americans would throw a fit like the farmers and truck drivers did with diesel a few years back...
but now it seems we all just take it!!!