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Re: Grocery Store Inflation Rises to Highest Since 1979: Milk, Cereal, Chicken, Cheese, Butter, Hamburger, and Bread Prices Still Soaring

By: Fiz in 6TH POPE | Recommend this post (0)
Wed, 10 Aug 22 7:14 PM | 23 view(s)
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Msg. 34461 of 60008
(This msg. is a reply to 34459 by Beldin)

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I expect this to go on and on. Eventually, as the collapse of the US in international eyes becomes more clear, it SHOULD be expected to accelerate a lot.

Most of the attempts to explain “inflation” fail pretty fundamentally. Keep in mind, government schools and even private schools which are ultimately under government control, have incentive to tell the government narrative in economics -- not the narrative bucking truth. Yes, pull and push and supply chain issues DISTORT prices. Yes, "too much" currency printing underlies most “normal” inflation (but even 1 dollar is "too much" in the end).

But, ultimately, ALL fiat currencies are a FRAUD supported by "beliefs" no more real than Santa Claus or living forever. All empires come to an end, and the endings bear remarkable similarity, if you look at the big picture.

And all fiat currencies (but not precious metals based currencies) eventually go to ZERO. And toward the end they proceed toward the asymptotic collapse with exponentially accelerating speed.

The petrodollar/SWIFT system is coming to an end. That is – and always was — inevitable. The US empire is in open collapse...and our fiat with it. Even that will become more and more and more apparent as we get closer and closer to the crescendo end. And, even under moral and smart leadership, much of the pain must be borne, not dodged nor put off.

I am mostly still hoping we can somehow save the Constitution and our "souls" in the end. If we can, we can potentially rebuild core integrity ... and ideally even better than before.




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The above is a reply to the following message:
Grocery Store Inflation Rises to Highest Since 1979: Milk, Cereal, Chicken, Cheese, Butter, Hamburger, and Bread Prices Still Soaring
By: Beldin
in 6TH POPE
Wed, 10 Aug 22 6:56 PM
Msg. 34459 of 60008

http://www.breitbart.com/economy/2022/08/10/grocery-store-inflation-rises-to-highest-since-1979-milk-cereal-chicken-cheese-butter-hamburger-and-bread-prices-still-soaring/

By John Carney
Breitbart
August 10, 2022

Although gasoline prices fell in July and overall inflation cooled, U.S. households did not get any relief in the grocery store aisles.

The price of food at home jumped 1.3 percent compared with the month earlier. Over the past 12 months, grocery prices are up 13.1 percent.

Some of the biggest increases in food include:

* Breakfast cereal prices up 1.9 percent from June and 16.4 percent compared with a year ago.
* Bread prices up 2.8 percent from July and 13.7 percent compared with a year ago.
* Ground beef prices rose 0.8 percent in July and are up 9.7 percent compared with a year ago.
* Bacon prices rose 0.2 percent compared with a month ago and are up 9.2 percent compared with a year ago.
* Breakfast sausages up 2.6 percent in July and 15.7 percent over the year.
* Chicken prices rose 1.4 percent in July and 17.6 percent over the year.
* Milk prices rose 0.1 percent in July and 15.6 percent over the year.
* Cheese prices rose two percent in July and 12.6 percent over the year.
* Ice cream prices rose 0.7 percent and 11.3 percent over the year.
* Fruit and vegetable prices rose 0.5 percent in July and 9.3 percent over the year.
* Coffee prices rose 3.5 percent and are up 20.3 percent over the year.
* Butter prices rose 0.2 percent and are up 22.2 percent over the year.

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Not all prices rose in July. Steak prices have been falling for several months. They fell another 1.1 percent in July and are now down 1.5 percent compared with a year ago. Ham prices fell one percent in July but are still up 9 percent over the year. Hot dog prices fell 6.3 percent compared with a June but are up 5.3 percent compared with a year ago. The price of apples fell one percent in the month but are up 5.1 percent for the year.


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