When you look at row crops and grains in the Table-2 breakdown of food prices the input price cost is easy to spot.
Annualizing the price outcomes, we see:
Flour at +60% in June and +38% in July.
Bread overall at +19% in June, and +34% in July.
Crackers at 12% in June, and +40% in July.
Massive food inflation incoming, the 3rd wave, as all the energy, fertilizer, labor and other jacked up input costs come home to roost. No pun intended.
As the cost of feed for all livestock goes up and up, expect all forms of meat, including chicken, to go ballistic. And they know it, and boy are they softening us up for it. Check your local grocery store, count the "Beyond (name that animal protein)" ads. Soylent Green is here.
No fork necessary. It's finger food, remember. "Donner party of five!"...then "Donner party of four!"...Donner party of three!". My sister-in-law used to announce that on the PA at her favorite restaurant, when it was busy and people were waiting a long time for a table.
and gas a bit lower because people are driving less. Travel trailer companies are going to 3 day work weeks and even one week on, one week off schedules because they are choking on inventory. We do a trip for groceries only one time a week instead of every time we need a few things. I invested in an low-mid range $ electric bike because it can take me 20 miles even if I don't use pedal assist and cost 10 cents to recharge the battery.
When you look at row crops and grains in the Table-2 breakdown of food prices the input price cost is easy to spot.
Annualizing the price outcomes, we see:
Flour at +60% in June and +38% in July.
Bread overall at +19% in June, and +34% in July.
Crackers at 12% in June, and +40% in July.
Massive food inflation incoming, the 3rd wave, as all the energy, fertilizer, labor and other jacked up input costs come home to roost. No pun intended.
Hat Tip Sundance at CTH.
As the cost of feed for all livestock goes up and up, expect all forms of meat, including chicken, to go ballistic. And they know it, and boy are they softening us up for it. Check your local grocery store, count the "Beyond (name that animal protein)" ads. Soylent Green is here.
It's like the movie 127 hours; we'll have to eat are arms off to get protein.
Deflation Donner Party Diet Plan:
Bring your fork...
No fork necessary. It's finger food, remember. "Donner party of five!"...then "Donner party of four!"...Donner party of three!". My sister-in-law used to announce that on the PA at her favorite restaurant, when it was busy and people were waiting a long time for a table.
hahaha. you're good!
and gas a bit lower because people are driving less. Travel trailer companies are going to 3 day work weeks and even one week on, one week off schedules because they are choking on inventory. We do a trip for groceries only one time a week instead of every time we need a few things. I invested in an low-mid range $ electric bike because it can take me 20 miles even if I don't use pedal assist and cost 10 cents to recharge the battery.
I prefer being called Honkey over Cracker. And I don't think my value went up 40% in July, just saying.
Hat tip to being an equal opportunity racist. ЁЯШО