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Food inflation is predicted in the coming year. What would you recommend stocking up on? Obviously things that store, rice has already goen up, but still a good staple.
Canned goods? Freeze meat? The hight price of wheat is going to affect everything, from bread to grain fed cattle, eggs, dairy, etc. perhaps now's a good time to become a vegan!
Invest a couple years' food budget in agro stocks or food futures, and the value of your money will go up along with the food prices. Or in Pizza Hut. When cheese goes up a dime, pizzas go up a dollar. When pizza prices go up, would you rather be buying them, or selling them?
Invest a couple years' food budget in agro stocks or food futures, and the value of your money will go up along with the food prices. Or in Pizza Hut. When cheese goes up a dime, pizzas go up a dollar. When pizza prices go up, would you rather be buying them, or selling them?
I don't know about that anymore. Here in SE MI, as there is a Little Caesar's seemingly everywhere you look ($5 large "Hot and Ready"), even in some of the best of areas, our pizzerias are locked in a price war. Large pizzas in the $5-$8 range with one topping aren't hard to find.
I don't know about that anymore. Here in SE MI, as there is a Little Caesar's seemingly everywhere you look ($5 large "Hot and Ready"), even in some of the best of areas, our pizzerias are locked in a price war. Large pizzas in the $5-$8 range with one topping aren't hard to find.
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Five years ago, when milk prices went up, those Little Caesar pizzas went up to 5.50. Have they gone back down? There are raging pizza wars going on everywhere this year.
Way back in the 70's (yes, some of us were alive back then), we were in a period of inflation. My mother heard the price and availability of coffee, sugar, and toilet paper were set to soar (price up, availability down). So, she stocked up every chance got, sales, etc, and stored them in the basement.
We had a flood after a rain, all that stuff got soaked! Imagine toilet paper, coffee, and sugar merrily floating around in waist deep water. I heard my dad say words I didn't understand, oh, he learned that in North Africa during the war.
What a complete mess. It took them days to clean it out! My point---don't overstock any one item, the more you have the more you can lose.Just keep a normal supply on hand, unless you want to learn North African French cuss words!
Seriously, I would not go overboard in stocking up food. The storage of foodstuffs long-term is best left to the experts. Unless you really know what you're doing and have appropriate long-term storage facilities, you're courting disaster in case of a flood, power outage, or just plain spoilage.
Food inflation is predicted in the coming year. What would you recommend stocking up on? Obviously things that store, rice has already goen up, but still a good staple.
Canned goods? Freeze meat? The hight price of wheat is going to affect everything, from bread to grain fed cattle, eggs, dairy, etc. perhaps now's a good time to become a vegan!
Almost all consumer commodity items are now in the process of a hidden cost increase. I say hidden because it's not the price going up it the size getting smaller so each dollar buys less.
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