“USDA reports: Food prices have also been rising faster than in earlier years, and food price inflation has easily outpaced price inflation for many other types of goods. Among major consumer spending categories, only prices for transportation, which include a number of energy price measures, and medical care have risen faster than food prices[…]  Since 2006, when commodity prices began their rollercoaster ride, the all-items CPI has risen 14 percent while the all-food CPI is up close to 20 percent.  Here’s the real concern: Americans are having to spend a larger portion of their disposable income on food; something that is a reversal of decades long trend.”

http://www.economicpolicyjournal.com/2013/08/as-long-as-you-dont-eat-price-inflation.html

Did you like this?
Tip Freedomwat.ch Staff with Bitcoin

Donate via Installed Wallet Copy