Soaring Food Inflation Full Frontal: Beef, Pork And Shrimp Prices Soar To Record Highs

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#1 | Soaring Food Inflation Full Frontal: Beef, Pork And Shrimp Prices Soar To Record Highs datum

Wed Apr 16, 2014 3:32 pm

Soaring Food Inflation Full Frontal: Beef, Pork And Shrimp Prices Soar To Record Highs

Submitted by Tyler Durden on 04/15/2014 17:29 -0400

We previously noted that both beef and pork (courtesy of the affectionately named Porcine Epidemic Diarrhea virus) prices have been reaching new all time highs on an almost daily basis. It is time to update the chart. Below we show what a world in which the Fed is constantly lamenting the lack of inflation looks like for beef prices...

More...

http://www.zerohedge.com/news/2014-04-15...-prices-explode

The duty of a true patriot is to protect his country from its government. ~ Thomas Paine

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#2 | RE: Soaring Food Inflation Full Frontal: Beef, Pork And Shrimp Prices Soar To Record Highs datum

Wed Apr 16, 2014 3:39 pm

Gasoline prices can double; the cost to heat and cool your home can skyrocket; and now the prices of beef, pork and shrimp are soaring. Yet inflation is non-existant!

Likewise, more people are unemployed or under-employed than ever before, yet the unemployment rate has gone down!

Isn't government math grand?

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#3 | RE: Soaring Food Inflation Full Frontal: Beef, Pork And Shrimp Prices Soar To Record Highs datum

Wed Apr 16, 2014 3:43 pm

The Fed keeps telling me everything is fine so why worry? Keep those presses running Mr Yellen.

Datsun...We Are Driven. (Except When We Are Towed)

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#4 | RE: Soaring Food Inflation Full Frontal: Beef, Pork And Shrimp Prices Soar To Record Highs datum

Wed Apr 16, 2014 3:58 pm

Zitat
So for all those whose sustenance includes iPads and LCD TVs, or heaven forbid the pink slime known as fast food - you are in luck: the BLS' hedonic adjustments mean the rate of price increase in your daily consumption has rarely been lower. For everyone else: our condolences.

Illegitimi non Carborundum

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