*U.S. 2013 FOOD INFLATION SEEN AT 3% TO 4%, USDA SAYS [NotSoBreaking] - MarketTicker Forums


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Bearshort Posts: 4489 Incept: 2007-09-13 NYC Online	U.S. 2013 FOOD INFLATION SEEN AT 3% TO 4%, USDA SAYS This should help Ipad sales since you can eat them......... ---------- "How long to the point of know return?" Enemies of the State: Bernanke, Geithner, Frank, Dodd, Greenspan, Paulson.* 2012-07-25 08:52:15 Permalink
Rjazz117 Posts: 17803 Incept: 2007-09-11 Online	ONLY 3-4%? I really doubt it'll be that low. ---------- “To compel a man to subsidize with his taxes the propagation of ideas which he disbelieves and abhors is sinful and tyrannical.” Thomas Jefferson 2012-07-25 09:15:09 Permalink
Boughtthefarm Posts: 382 Incept: 2009-12-06	If you substitute spam for your steak it will only cost you 3-4% more. 2012-07-25 09:20:46 Permalink
Creditcalmass Posts: 1636 Incept: 2008-06-04 New Englands Rising Star	It's going to be much higher than that, I'm already seeing price increases across the board here in the Hartford area. ---------- "True strength lies in gentleness" 2012-07-25 09:26:29 Permalink
Frat Posts: 1935 Incept: 2009-07-15 NKY	I was just coming in to say.... We'll be damn lucky if it's that LOW.... ---------- We're ***ed. Where's Henry Bowman when you need him? 2012-07-25 09:46:25 From PDA* Permalink
Magus Posts: 1980 Incept: 2008-05-04	That's probably a high estimate if corn comes back down with next year's crop, but certainly possible. I don't think the typical grocery chain or food producer has that kind of pricing power and many commodity costs (for producers/retailer) have finally gone down in the last year or so (eg: coffee). Until this corn drought happened, I actually thought we could print a deflationary #. ---------- "There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved." -~~Ludwig V 2012-07-25 13:26:41 Permalink
Theox Posts: 581 Incept: 2009-01-30 People's Republic of Maryland	Quote: U.S. 2013 FOOD INFLATION SEEN AT 3% TO 4% PER MONTH, USDA SAYS FIFY 2012-07-25 15:10:13 Permalink*
Killersdad Posts: 1036 Incept: 2008-03-27 upstate NY	How can anyone say this with a straight face. I think we have seen this much in the last 3 months. Wait till the effects of the drought work through the system. ---------- They keep talking about drafting a Constitution for Iraq ...why don't we just give them ours? It was written by a lot of really smart guys, it has worked for over 200 years, and we're not using it anymore. 2012-07-26 08:07:19 Permalink
Crabby Posts: 27 Incept: 2009-03-24 Kansas	It's going up here too in Wichita. Bacon, even the cheap Bar-S stuff is over 4.00 a pound when earlier in the year it was maybe 2.00. Brand name items seem to be going up faster than generic or store brand. For example, Philly cream cheese, which was 89 cents in January is now roughly 1.59. Kraft Mac and Cheese is over 1.35, etc. I figure if the USDA says 3 to 4%, it will be 13 to 14%. Fortunately, I have been buying roasts and chicken breast when there is a good sale and I can some and freeze some. The only place I can get food cheaper is at the base commissary and even then ground beef has gone up there. 2012-07-26 08:23:35 Permalink
Genesis Posts: 130804 Incept: 2007-06-26	Short-term there will be some decrease in beef and pork as slaughter increases (can't feed 'em, may as well sell 'em and get the meat value) However, corn and wheat-based products will go up in price right away, as will dairy, eggs and similar -- and they are. Intermediate term poultry, pork and beef are going UP. 3-4% my ass -- maybe per month! ---------- I don't care* if it makes sense -- only if it makes money. -- Me* Bank (n): See scam, fraud and theft. *Eat a bankster -- they're low-carb.* *What part of "shall not be infringed" was unclear?* 2012-07-26 08:49:36 Permalink
Mayorquimby Posts: 13909 Incept: 2008-09-18 The Archaic Past	Yeah - I'm thinking that is conservative. And more QE would just blast the populace with stagflation. ---------- They who wish to hurt you, work within the law. - Morrissey Gold is theft. 2012-07-26 08:52:53 Permalink