Food Shortage & Price Explosion Thread
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Stocked up on a few things today. Hit 3 different places. Most prices about the same except for Redners's. 4.50 for Marie Callander's frozen dinners.
Had a laugh at Shoprite. Boxes of Quaker instant oatmeal 5.50. Same thing at Walmart 1.70. Wonder if anyone buys the stuff at Shoprite? Then again you can get a 10lb. 2pk (5lb. per pk) box of instant oatmeal at Sam's for 14.88.
Had a laugh at Shoprite. Boxes of Quaker instant oatmeal 5.50. Same thing at Walmart 1.70. Wonder if anyone buys the stuff at Shoprite? Then again you can get a 10lb. 2pk (5lb. per pk) box of instant oatmeal at Sam's for 14.88.
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For years, I have bought ten pound bags of chicken quarters at Walmart for seven dollars. They were usually large pieces, and ten per bag. I suspected they were worn out layer hens. A couple months ago, they changed the packaging and it is now nine dollars a bag, and the pieces are smaller, probably 13 or 14 pieces per bag. The bag also says something about a brine solution, so some of that ten pounds is probably water now.
Two weeks ago at Walmart, the entire (regular, white) sugar section was empty.
A five pound bag of shredded cheese went up from $16 to $18.
Frozen chicken breasts used to hover around $2/lb. In the last few months, they went to around $3.50/lb
Two weeks ago at Walmart, the entire (regular, white) sugar section was empty.
A five pound bag of shredded cheese went up from $16 to $18.
Frozen chicken breasts used to hover around $2/lb. In the last few months, they went to around $3.50/lb
Lancers32
Often Wrong Never In Doubt
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When I was up in Jersey I used to shop at Shop Rite all the time. They were as cheap as anyone. Now even Walmart is up 25% at least on a lot of the crap we buy there.
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‘A quart of wheat for a denarius, and three quarts of barley for a denarius…’.
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Hit Shoprite yesterday. Prices up all around. They used to have oatmeal cookies (their brand) for around $1.75. They disappeared for a while. They bought them back.........1/2 the package size and smaller cookies at $3.59. Shrinkflation (screwflation) at it's finest.
Global Food Prices to Remain Elevated Amid War, Costly Energy, La Niña
Interest-rate hikes have eased price pressures, but the weather, war and material costs could keep food prices elevated for longer
www.imf.org
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Hit Shoprite yesterday. Prices up all around. They used to have oatmeal cookies (their brand) for around $1.75. They disappeared for a while. They bought them back.........1/2 the package size and smaller cookies at $3.59. Shrinkflation (screwflation) at it's finest.
Shrinkflation has always gone on in limited measures, but the level of shrinkflation taking place right now is astonishing.
spinalcracker
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we found large free range brown eggs for $3.50 a dozen….a real bargain
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From the link:
If you're like most Americans, you've probably done a double-take after seeing the price of eggs at the grocery store. The past two years have brought a stream of various food shortages and price increases, and eggs have been hit particularly hard lately.
A report from the Bureau of Labor Statistics claims that the price of eggs has jumped 49.1 percent in the span of about a year. And as the Seattle Times reports, "The average cost of a dozen large, Grade A eggs more than doubled to $3.59 in November 2022 from $1.72 in November 2021."
www.yahoo.com
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www.khou.com
If you're like most Americans, you've probably done a double-take after seeing the price of eggs at the grocery store. The past two years have brought a stream of various food shortages and price increases, and eggs have been hit particularly hard lately.
A report from the Bureau of Labor Statistics claims that the price of eggs has jumped 49.1 percent in the span of about a year. And as the Seattle Times reports, "The average cost of a dozen large, Grade A eggs more than doubled to $3.59 in November 2022 from $1.72 in November 2021."
Egg Prices Are Continuing to Rise! Here's Why the Cost Is Doubling Across Some Parts of the Country
Nearly one year after avian influenza arrived, egg prices are still soaring.
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Yes, egg prices have increased due to bird flu and inflation
In the week leading up to Christmas, the average price for eggs was 267% higher than it was at the beginning of 2022, according to the USDA.
www.khou.com
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From Scotland.
2022 was a year where living standards were squeezed as the costs of basic essentials like gas, electricity, food and fuel soared.
Scotland Tonight's Olly Dickinson hears from a mix of people caught in the eye of the ongoing economic storm and finds out about the difficult decisions they take to make ends meet. 10:00
Cost of living crisis: Scots living on the brink
Jan 6, 20232022 was a year where living standards were squeezed as the costs of basic essentials like gas, electricity, food and fuel soared.
Scotland Tonight's Olly Dickinson hears from a mix of people caught in the eye of the ongoing economic storm and finds out about the difficult decisions they take to make ends meet. 10:00
$7.98 for 18 store brand eggs ("on sale") tonight. That's up something like 80-100% increase in the last year or so.
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That's 44+ cents an egg!!
It's all the military "aid" we are sending over there.
The price of eggs has gone way up because hens are making shells.
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Posted as food for thought.
www.zerohedge.com
The Mainstream Media Admits That We Are Facing "The Worst Food Crisis In Modern History" | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
Thai Rice Prices Jump As Global Food Crisis Reignites | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
This affects Asia more than the western world, but still worth keeping an eye on...
spinalcracker
Ground Beetle
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that source has dried up and now they are $6.00 a doz
Food insecurity in America reaches the highest level in four years
‘Families contended with a new economic stressor in 2022: food price inflation,’ the Urban Institute said in a new report.
www.marketwatch.com
I actually think the prices on some of our regular grocery items have come down a bit from the highs of a few months ago. Not back to pre-pandemic prices of course, but less than what they were.
Cattle is leading the way but Food prices are starting to rocket higher again. DBA covers a pretty broad range of grains/meat etc.
Cigarlover
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In the early 90's you could get a lb of beluga for about 800-1000 bucks and that was in NYC. Now over 12k. Insane how expensive this has gotten.
www.markys.com
Beluga (Grade 00)
This rare Malossol caviar comes from American-farmed purebred Beluga (Huso huso) sturgeon. Its large, firm, medium gray pearls are packed with a deliciously buttery, creamy, nutty taste that provides a unique, full-flavored finish. Before placing an order for this caviar, please read this short...
www.markys.com
glockngold
Fly on the Wall
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That video was very interesting.In the early 90's you could get a lb of beluga for about 800-1000 bucks and that was in NYC. Now over 12k. Insane how expensive this has gotten.
Beluga (Grade 00)
This rare Malossol caviar comes from American-farmed purebred Beluga (Huso huso) sturgeon. Its large, firm, medium gray pearls are packed with a deliciously buttery, creamy, nutty taste that provides a unique, full-flavored finish. Before placing an order for this caviar, please read this short...
But I guess this leaves me out since I have no pearl handled spoons.
Could you give some specific examples of what you've seen coming down in price?
Asking because I've seen no evidence of anything getting cheaper, groceries or otherwise.
In fact, I'm seeing further price increases, not to the same extent as last year, but still increases.
One example is baby food. Prior to the gov-triggered price spike, gerber was 99 cents/jar. Then it jumped up to $1.24. It recently went to $1.38
The beech nut brand was even worse. It went from 99 cents to $1.48 last year. A 50% increase in one fell swoop.
....and everything else at the grocery store has also gone up by the same 25-50% over the past year.
....yet the gov's rigged inflation numbers try to tell us prices are up less than 10%. Lol
Edited to add: saw a bag of plain tortilla chips with a $5.99 price stamped on the bag, and most other snack chips were in the $4-5 range. F'in cRaZy!
That post was from a month ago. One item that I remember distinctly is chicken. The prices for chicken thighs (bone in with skin) and drumsticks prepandemic were running around $0.79 - $0.99/lb, shot up to $1.99/lb and are currently around $1.49/lb at my local Costco. There were other items that also have come down a little, but I didn't make a mental list of them. I notice them mostly when I'm at the store shopping.
Next time you go shopping, try to make a mental note of the most notable price decreases (or increases) you see, and let us know.
I see a few things like that. Eggs, dairy, chicken, some frozen foods that have come back down from their highest point, but are still well above where they were a couple years ago.
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Hit Shoprite early today. Frozen dinners sky high. Some things a bit lower than in the past month but still high.......imo.
Wonder how true this report is? Time will tell.
After hitting an all time high in January, egg prices are falling. In fact, one expert thinks that consumers will be able to buy a dozen for just $1 soon.
“It’s certainly been undergoing a very sharp correction,” said Karyn Rispoli od market research firm Urner Barry. She made the $1 prediction, according to CNBC.
As of Wednesday, wholesale egg prices were at $1.22 a dozen, per Urner Barry data cited by the outlet.
More:
Wonder how true this report is? Time will tell.
Egg prices expected to drop to $1 a dozen
Story by Lauren Barry • 39m agoAfter hitting an all time high in January, egg prices are falling. In fact, one expert thinks that consumers will be able to buy a dozen for just $1 soon.
“It’s certainly been undergoing a very sharp correction,” said Karyn Rispoli od market research firm Urner Barry. She made the $1 prediction, according to CNBC.
As of Wednesday, wholesale egg prices were at $1.22 a dozen, per Urner Barry data cited by the outlet.
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Food Pantries Are Swamped After Covid Benefits End
May 7, 20236:38
Covid-era benefits are coming to an end. For those receiving SNAP benefits for food assistance, this means at least $95 less per month. VICE News visits one food pantry in Kentucky that has seen mile long lines for donations since benefits were cut.
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From the link:
As the U.S. government on Wednesday released its latest inflation report, the watchdog Accountable.US put out a new analysis detailing how Americans face food insecurity while major food corporations are padding their profits with price hikes.
"Big Food's staggering increase in earnings shows they did not need to raise prices so high on consumers but did so anyway to maximize record profits," said Liz Zelnick, director of Economic Security and Corporate Power at Accountable.US, in a statement.
"It's shameful that Americans are left food insecure and have to skip meals while corporations and their wealthy shareholders enjoy the spoils of supersized profits under unjustified price hikes," she added. "It's clear that the food industry will not hold itself accountable. It's time Congress do more to rein in corporate greed, one of the main factors currently driving up costs for families."
www.commondreams.org
As the U.S. government on Wednesday released its latest inflation report, the watchdog Accountable.US put out a new analysis detailing how Americans face food insecurity while major food corporations are padding their profits with price hikes.
"Big Food's staggering increase in earnings shows they did not need to raise prices so high on consumers but did so anyway to maximize record profits," said Liz Zelnick, director of Economic Security and Corporate Power at Accountable.US, in a statement.
"It's shameful that Americans are left food insecure and have to skip meals while corporations and their wealthy shareholders enjoy the spoils of supersized profits under unjustified price hikes," she added. "It's clear that the food industry will not hold itself accountable. It's time Congress do more to rein in corporate greed, one of the main factors currently driving up costs for families."
Big Food Raking in Huge Profits From Price Hikes as US Hunger Persists: Analysis
"It's shameful that Americans are left food insecure and have to skip meals while corporations and their wealthy shareholders enjoy the spoils of supersized profits under unjustified price hikes."
www.commondreams.org
What is "Greedflation" and why is it SO Dangerous
'Thanks, Joe Biden': Republican lawmaker blames president after spending $800 at Costco
State Rep. Stefani Lord’s receipt indicates she purchased 58 items at an Albuquerque, N.M., location of the warehouse-club chain on Tuesday.
www.marketwatch.com
As someone who frequently shops at Costco, most of their food items range anywhere from $10 to $20 each without getting into any of the high end product. $800 isn't unreasonable by Costco standards for 58 items (49 food items).
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'Thanks, Joe Biden': Republican lawmaker blames president after spending $800 at Costco
State Rep. Stefani Lord’s receipt indicates she purchased 58 items at an Albuquerque, N.M., location of the warehouse-club chain on Tuesday.
As someone who frequently shops at Costco, most of their food items range anywhere from $10 to $20 each without getting into any of the high end product. $800 isn't unreasonable by Costco standards for 58 items (49 food items).
I saw this on Twitter. The price per item and considering the paper products, it was pretty typical.This is bulk purchasing. You are not buying a jar of pasta sauce, you have to buy a pack of 3. Meat is in family size packs and needs to be divided when you get home to meet your family needs. However, this price is still higher than two years ago by double digit inflation...not corporate greed.
Bulk purchasing is right. We don't have a Costco, but we have a Sam's Club nearby. It is pretty easy to drop a few hundred bucks. But you are getting a lot of stuff. Bulk packs of chicken breasts and chicken legs, then get home and fire up the vacuum sealer and stock the freezer. The 12 packs of tomato and cream of chicken soup, the three to five (and higher) pound packages of dry beans and rice, and so forth. A few hundred bucks might seem like a lot, but you can really stock the freezer and pantry if you shop wisely.
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Nov 22 (Reuters) - Kraft (KHC.O), General Mills (GIS.N) and other major food companies persuaded a federal jury in Chicago that top U.S. egg producers are liable for unlawfully inflating prices, paving the way for a second trial to determine damages.
The verdict on Tuesday followed a more than five-week antitrust trial against a group of egg producers including Cal-Maine Foods (CALM.O), the country's largest egg producer and distributor, and Rose Acre, the second-largest, over claims that they had "rigged" the market by conspiring to charge artificially high prices.
www.reuters.com
The verdict on Tuesday followed a more than five-week antitrust trial against a group of egg producers including Cal-Maine Foods (CALM.O), the country's largest egg producer and distributor, and Rose Acre, the second-largest, over claims that they had "rigged" the market by conspiring to charge artificially high prices.
Kraft, others to seek damages after winning US egg-pricing verdict
Kraft , General Mills and other major food companies persuaded a federal jury in Chicago that top U.S. egg producers are liable for unlawfully inflating prices, paving the way for a second trial to determine damages.
glockngold
Fly on the Wall
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High prices?
Pot, meet kettle.
Pot, meet kettle.
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Carrefour says it will not sell PepsiCo goods due to price hikes
January 4, 2024 4:28 AM ES Updated 2 hours agoPARIS, Jan 4 (Reuters) - Carrefour (CARR.PA) is telling customers it will no longer sell PepsiCo products like Pepsi, Lay's crisps and 7up because they had become too costly, in the latest tug-of-war over prices between retailers and global food giants.
From Thursday, shelves with PepsiCo (PEP.O) products at Carrefour stores in France will be accompanied by a note saying "We are no longer selling this brand due to unacceptable price increases," a spokesperson for the French retailer said.
PepsiCo did not respond to a request for comment.
The U.S. company said in October it planned "modest" price hikes this year as demand held up despite rises, leading it to hike its 2023 profit forecast for a third straight time.
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I don't know who Carrefour is, but I applaud their decision. Any product from Pepsi, Lay's, or 7up is a luxury item. The mfg cost is totally disconnected from the retail price. If they claim that the cost of corn syrup or potatoes requires that they raise their prices, then... THEY ARE LIARS. THEY LIE! Does a 12 ounce bag of potato chips need to be three or four bucks!? NO! The cost of the potatoes are fifty cents at most. (And for those assholes who challenge me about making my own chips and fries, YES I DO use my deep frier for homemade chips and fries.
The snack food industry is managed by insane people. When a bag of potato chips is four dollars and a 5 pound bag of potatoes is three dollars, it is obvious there is a problem. My advice is to kill the parasites once and forever by refusing to buy the foods sold as "snacks". Just kill their market and they can't ever come back again. They can't return to suck our blood.
That is my "modest proposal". (Of course, I expect everyone to be educated and to get the reference.)