Food Costs Up 10-14% By October?

[Kathianne]

I just bought a month's worth of frozen food-got a new freezer a few weeks ago. Maybe I'll make another run next week.

https://fee.org/articles/grocery-prices-could-rise-10-to-14-percent-by-october-grocery-chain-ceo-warns/

[jimnyc]

All kinds of consumer products are expected to increase over the next year. We all saw it coming.

[Kathianne]

All kinds of consumer products are expected to increase over the next year. We all saw it coming.
Food and gas are the ones I worry about, everything else I can control.

[jimnyc]

Food and gas are the ones I worry about, everything else I can control.

Filled up again yesterday and what used to be a solid $52.00 even or so for the longest, now cost me $71 yesterday. :(

[MtnBiker]

Not to worry, well at least to Biden. Joe doesn't know anybody including his buddy Larry Summers that believe inflation is a long term situation.


During a town hall on CNN on Wednesday, President Joe Biden stated that he doesn’t know anyone, including economist Lawrence Summers, who thinks inflation will be a long-term issue “if we do the things we’re going to do” like passing spending he has pushed.Biden said that the price increases are temporary increases due to the economy recovering after the coronavirus pandemic and argued that passing the spending plans he has touted will actually decrease prices, adding, “I don’t know anybody, including Larry Summers, who’s a friend of mine, who’s worried about inflation, is suggesting that there’s any long-term march here if we do the things we’re going to do. For example, if we get this bill done that I’ve been — put together a long time ago.


Ah but notice he pegged it to the spending bill being passed (like government spending will reduce inflation :rolleyes:). So when the spending bill is not passed or not passed completely how the dems want it they will turn around and blame the republicans.


So this inflation really hits the low income and fixed income people very hard. The donor class is not affected by inflation and couldn't really care less. I'm sure Nancy still has $28 pints of ice cream in her freezer.