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Topics => Economy => Topic started by: IronDioPriest on March 16, 2011, 11:16:17 AM

Title: Food prices increase 3.9% in February, highest jump in 36 years
Post by: IronDioPriest on March 16, 2011, 11:16:17 AM

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HT: HotAir...

Food prices increase 3.9% in February, highest jump in 36 years (http://hotair.com/archives/2011/03/16/food-prices-increase-3-9-in-february-highest-jump-in-36-years/)

If grocery bills seem higher, you’re not imagining things.  Thanks mostly to a sharp increase in fuel prices, the cost of food rose faster in February than in any month since November 1974 — not coincidentally, during a previous energy crisis:[blockquote]Wholesale prices jumped last month by the most in nearly two years due to higher energy costs and the steepest rise in food prices in 36 years. Excluding those volatile categories, inflation was tame.

The Labor Department said Wednesday that the Producer Price Index rose a seasonally adjusted 1.6 percent in February — double the 0.8 percent rise in the previous month. Outside of food and energy costs, the core index ticked up 0.2 percent, less than January’s 0.5 percent rise.

Food prices soared 3.9 percent last month, the biggest gain since November 1974. Most of that increase was due to a sharp rise in vegetable costs, which increased nearly 50 percent. That was the most in almost a year. Meat and dairy products also rose.

Energy prices rose 3.3 percent last month, led by a 3.7 percent increase in gasoline costs.[/blockquote]Much more @ HotAir... (http://hotair.com/archives/2011/03/16/food-prices-increase-3-9-in-february-highest-jump-in-36-years/)

Title: Re: Food prices increase 3.9% in February, highest jump in 36 years
Post by: Sectionhand on March 19, 2011, 05:48:02 AM

In other words this increase is a comparative anomaly brought on by geopolitical factors .

Title: Re: Food prices increase 3.9% in February, highest jump in 36 years
Post by: warpmine on March 19, 2011, 08:51:10 AM

Yet more evidence that fiat currency doesn't work. You'd think that the people would demand that we return to precious metal based currency but I then realize that the populous is 100% retarded in the extreme. ::bashing::

Since the down sizing of containers 15 years ago it was clear then that we were screwed. I point to Tricky Dickless Nixon for this fiasco which "let me perfectly clear", puts the whole mess on his shoulders. Wait, in second thought it was the progressives that thought they knew better than the framers for wrecking the constitution. ::puke::

Title: Re: Food prices increase 3.9% in February, highest jump in 36 years
Post by: Glock32 on March 19, 2011, 08:20:48 PM

Tricky Dick also gave us the EPA and Affirmative Action. The GOP's been knifing us in the back for quite some time now haven't they?

Title: Re: Food prices increase 3.9% in February, highest jump in 36 years
Post by: Sectionhand on March 20, 2011, 04:03:11 AM

Quote from: Glock32 on March 19, 2011, 08:20:48 PM

Tricky Dick also gave us the EPA and Affirmative Action. The GOP's been knifing us in the back for quite some time now haven't they?

I don't think Nixon ever envisioned EPA becoming such a rogue , out of control agency .

Title: Re: Food prices increase 3.9% in February, highest jump in 36 years
Post by: Pandora on March 20, 2011, 07:34:53 AM

Unh hunh, the Republicans never do.  Bush 41 gave us the ADA -- SSDD.

Title: Re: Food prices increase 3.9% in February, highest jump in 36 years
Post by: charlesoakwood on March 20, 2011, 12:10:43 PM

A very short list, agencies and bureaucracies that are worth keeping.