Tuesday, April 27, 2010

Inflation Hits The Supermarket

One report cites these statistics:
Food prices jumped by 2.4 percent in March, the most since January 1984. Vegetable prices soared by more than 49 percent, the most in 15 years. A cold snap wiped out much of Florida's tomato and other vegetable crops at the beginning of this year.
On top of that, gasoline prices rose 2.1 percent - the fifth rise in six months. gasoline is over $3.00 in many places already.

And yet this story is so ridiculous because it concludes that excluding food and energy there's no inflation! Don't they understand that food and energy are the most important commodities to include!

Of course there is inflation.

Have you taken a look at what your dollars buy at the grocery store lately? You are getting a whole lot less for the same amount of money that you would usually spend on a shopping trip. A whole chicken can be as much a $14! You pay well over $14 for a 20 pack of Scott Toilet paper or 10 pack of paper towels, and over $3.00 for a loaf of bread, and a dollar a piece for navel oranges.
It's getting ridiculous!
I spend anywhere between $150 and $200 a week for groceries now for 3 adults, where I used to spend $125 for a family of 5!

We don't shop at the expensive food stores and I always buy sale items. My son told me that for his weekly shopping trip he spent $45 for the following items: a chicken, vegetables, a bag of potatoes, a bottle of juice and a quart of milk.

Yeah - there is inflation all right.
Just look at the packaging.
You are getting less product for the same amount of money.

I'd be interested to know what you are seeing in the supermarket.
Do YOU think there is inflation?