Zero Hedge – by Tyler DurdenHardly surprising given the surge in beef and pork that we have been noting, but according to the latest inflation data from the BLS, meat prices spike by almost 3% in April – the most since November 2003(this is also the 2nd biggest price spike in 34 years!) As we noted previously, this soaring food price inflation is not about to stop anytime soon…
And just the monthly change: No hedonic meat adjustments here.
The Fed ‘meme’ that low-flation is as dangerous as high-flation (thus providing them an excuse to keep priming the pump) is about to run into a problem as the hedonic manipulation of government-provided inflation data runs into the ugly reality of things that we need actually soaring in price…
http://www.zerohedge.com/news/2014-05-15/meat-prices-surge-most-11-years
Oh yea, two weeks ago in the meat section they wanted 16$ for a damned 4 lb. whole uncut chicken. Just think that you are also paying for the skin and the bones too when buying that damned chicken.
Yea, even their hamburger is way way over priced. I paid 8+$ for only 2 1/2 lb.s of hamburger that was reduced for quick sale.
Getting expensive and it is only going to get more expensive 🙁 🙁 🙁
Time to raise chickens…about the only time we buy meat now is if it is “reduced for quick sale”…twice. I can see clandestine deer hunting out here as well in a year or two…you know how POAs/HOAs are, and in 3 years I can see the property owners amending the CC&Rs…hunting is legal in Texas IF you own ten or more acres.
I eat out, so…