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It is not true. Many retailers have substituted lesser quality items/products that look the same but are inferior to their predecessors. These diminished quality products escape scrutiny in the reported inflation numbers.
How do you know its not true? The issue of diminished quality in food is relatively minor due to regulations on the food. How has the quality of 2% milk diminished? 10% fat beef? 99% fat free chicken?
Anyhow, the the reported rate of inflation for food over the last 6 months has been around 2%...hardly what folks' anecdotal stories are suggesting:
So, if the governments figures on food are incorrect....where is an index that correctly tracks food costs?
All CPIs are different. Personal responsibility, then: figure out your own basket of goods and services, and track it. Then you'll have your CPI.
I have more trust in the common sense of a few, observant, down-to-earth, hard-working people than in a bunch of parasitic bureaucrats serving the ruling classes.
How do you know its not true? The issue of diminished quality in food is relatively minor due to regulations on the food. How has the quality of 2% milk diminished? 10% fat beef? 99% fat free chicken?
Anyhow, the the reported rate of inflation for food over the last 6 months has been around 2%...hardly what folks' anecdotal stories are suggesting:
Anyhow, the the reported rate of inflation for food over the last 6 months has been around 2%...hardly what folks' anecdotal stories are suggesting I am no mathematician, or someone that pays much attention to statistics ( I can't really understand them), but one thing that I know for sure is that I paid a lot more money last week than I did in the beginning of March. Like I said, I ended up paying about $20 more for the same stuff I bought in early March. This is why I was so alarmed, because I been shopping at the same store for the past 2 years (the Norfolk Commissary-husband is in the military) and this place offers us fairly cheaper prices than other grocery stores. That is why I was so shocked. I make a list of items and put the prices next to it, and that is how I know that this stuff went up almost over night you could say.
So, if the governments figures on food are incorrect....where is an index that correctly tracks food costs? Honey, right about now I don't care much for government figures..all I know is that I'm still making the same crappy amount of money, and yet have to pay a whole lot more for food, gas and pretty much all the necessities I need to survive and have a healthy life.
Just my honest opinion...It is definately true that the working class is hurting, badly.
Location: Jonquil City (aka Smyrna) Georgia- by Atlanta
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Quote:
Originally Posted by DC at the Ridge
Supermarket prices have gone up dramatically the first quarter of this year. More than that, take a look at the packaging. Sometimes you pay the same price, but if you look at the ounces, you are getting less. Be prepared for the prices to keep rising, because manufacturers, farmers, processors and shippers are all having to recoup some of the fuel costs that have skyrocketed. Corn and sugar are also being purchased for the alternative fuels market, which means foodstuffs that use corn or sugar products are also going to be competing for those commodities, making the price go up.
True but the cost of other things- like cars, washing machines and TV sets are falling.
True but the cost of other things- like cars, washing machines and TV sets are falling.
Those prices are falling because the demand for them is decreasing. Why? Because people have to shift more resources to the increasing costs of necessities like food and energy.
Automakers announced they have been in a recession for a year or so now. I read some where that half of 2007s inventory is still on lots across the states. Expect to see some great deals in the coming months. By the end of the year when things have not changed much for them, the deals will be even better.
This source for cost info is I think easier to read and understand than the previously provided link. It confirms that food costs rose at a higher rate than other goods during 2007, and that the increase of costs has been accelerating. Which is why people are really noticing changes now week to week.
This source for cost info is I think easier to read and understand than the previously provided link. It confirms that food costs rose at a higher rate than other goods during 2007, and that the increase of costs has been accelerating. Which is why people are really noticing changes now week to week.
great post, by the way the other link posted said the same thing. food increased by 4%, not sure where that guy got the 2% thing from.
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