U.S. Food Inflation Spiraling Out of Control

[Guest guest]

http://inflation.us/foodinflationspiralingoutofcontrol.html

 

 

/April 22, 2010/

 

*U.S. Food Inflation Spiraling Out of Control*

 

The Bureau of Labor Statistics (BLS) today released their Producer Price

Index (PPI) report for March 2010 and the latest numbers are shocking.

Food prices for the month rose by 2.4%, its sixth consecutive monthly

increase and the largest jump in over 26 years. NIA believes that a

major breakout in food inflation could be imminent, similar to what is

currently being experienced in India.

 

Some of the startling food price increases on a year-over-year basis

include, fresh and dry vegetables up 56.1%, fresh fruits and melons up

28.8%, eggs for fresh use up 33.6%, pork up 19.1%, beef and veal up

10.7% and dairy products up 9.7%. On October 30th, 2009, NIA predicted

that inflation would appear next in food and agriculture, but we never

anticipated that it would spiral so far out of control this quickly.

 

The PPI foreshadows price increases that will later occur in the retail

sector. With U-6 unemployment rising last month to 16.9%, many retailers

are currently reluctant to pass along rising prices to consumers, but

they will soon be forced to do so if they want to avoid reporting huge

losses to shareholders.

 

Food stamp usage in the U.S. has now increased for 14 consecutive

months. There are now 39.4 million Americans on food stamps, up 22.4%

from one year ago. The U.S. government is now paying out more to

Americans in benefits than it collects in taxes. As food inflation

continues to surge, our country will soon have no choice but to cut back

on food stamps and other entitlement programs.

 

Most financial experts in the mainstream media are proclaiming that the

recession is over and inflation is not a problem in the U.S.

Unfortunately, they fail to realize that rising food and gasoline prices

accounted for 58% of February's year-over-year 3.85% rise in retail

sales. NIA believes price inflation is beginning to accelerate in many

areas of the economy besides food and energy, and all increases in U.S.

retail sales this year will be entirely due to inflation.

 

Please spread the word about NIA and have your friends and family

for free.

[Guest guest]

I'm not an economist so please correct me if I'm wrong. Since the government has thrown so much money into the market through extended unemployment benefits and food stamps there will be an increase in demand for food, With this increase in demand and some supply-side problems the price must increase.--- On Wed, 4/28/10, Grannie <GrannieFox wrote:

Grannie <GrannieFox U.S. Food Inflation Spiraling Out of Control"1 @" , "1 MedicalConspiracies@googlegrou" <MedicalConspiracies (AT) googl (DOT) com>, "1 Paranormal_Research@" <Paranormal_Research >Wednesday, April 28, 2010, 3:28 AM

http://inflation.us/foodinflationspiralingoutofcontrol.html/April 22, 2010/*U.S. Food Inflation Spiraling Out of Control*The Bureau of Labor Statistics (BLS) today released their Producer PriceIndex (PPI) report for March 2010 and the latest numbers are shocking.Food prices for the month rose by 2.4%, its sixth consecutive monthlyincrease and the largest jump in over 26 years. NIA believes that amajor breakout in food inflation could be imminent, similar to what iscurrently being experienced in India.Some of the startling food price increases on a year-over-year basisinclude, fresh and dry vegetables up 56.1%, fresh fruits and melons up28.8%, eggs for fresh use up 33.6%, pork up 19.1%, beef and veal up10.7% and dairy products up 9.7%. On October 30th, 2009, NIA predictedthat

inflation would appear next in food and agriculture, but we neveranticipated that it would spiral so far out of control this quickly.The PPI foreshadows price increases that will later occur in the retailsector. With U-6 unemployment rising last month to 16.9%, many retailersare currently reluctant to pass along rising prices to consumers, butthey will soon be forced to do so if they want to avoid reporting hugelosses to shareholders.Food stamp usage in the U.S. has now increased for 14 consecutivemonths. There are now 39.4 million Americans on food stamps, up 22.4%from one year ago. The U.S. government is now paying out more toAmericans in benefits than it collects in taxes. As food inflationcontinues to surge, our country will soon have no choice but to cut backon food stamps and other entitlement programs.Most financial experts in the mainstream media are proclaiming that

therecession is over and inflation is not a problem in the U.S.Unfortunately, they fail to realize that rising food and gasoline pricesaccounted for 58% of February's year-over-year 3.85% rise in retailsales. NIA believes price inflation is beginning to accelerate in manyareas of the economy besides food and energy, and all increases in U.S.retail sales this year will be entirely due to inflation.Please spread the word about NIA and have your friends and family for free.---«¤»¥«¤»§«¤»¥«¤»§«¤»¥«¤»§«¤»¥«¤»§«¤»¥«¤»§«¤»¥«¤«¤»¥«¤»§«¤»¥«¤»§«¤»§ - PULSE ON 21st CENTURY ALTERNATIVE MEDICINE! §Subscribe send email to: - DETOX WITH ALL NATURAL PURE GREEN CALCIUM BENTONITE CLAY USED INTERNAL/EXTERNAL http://clayadvantage.com/THE OPEN LINE NEWSPAPER, HEALTH NEWS, SPIRITUAL, ENVIRONMENT, ETC. http://WWW.THEOPENLINE.ORG ENERGY HEALING TECHNIQUE FOR CHRONIC PAIN, PTSD & OTHER ISSUES THAT TROUBLE YOU. http://vibrantenergy.webs.comDISCLOSURE:Any information here in is for educational purpose only; it may be news related, purely speculation or SOMEONE’S OPINION. Always consult with a qualified Medical Doctor before deciding on any course

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