“Retail beef prices rose nearly 4¢ in August to reach $5.394/lb, a record high, reports Beef Magazine. This should be no problem, though, if you switch to lower priced goods as beef climbs, as government theorizes consumers do as part of its chained-inflation index. For example, peanut butter prices are down 5.7% over the last 12 months, according to the BLS. So if you switch from steak to peanut butter sandwiches, you won’t notice any increase in the cost of eating.”
http://www.economicpolicyjournal.com/2013/09/beef-prices-set-new-record-highs.html
Related posts:
Report of FBI back door roils OpenBSD community [2010]
The SEC Pulled the Plug on Stop-Loss Orders – What You Can Do About It
Feds Cry Wolf, Again
Coinbase: First $1,000,000 USD in merchant processing is now free!
For Most Homeowners, Gov’t Foreclosure Deal Brings A Few Hundred Bucks
Japanese Stocks Plunge 1000 Points; Central Bank Injects 2 Trillion Yen
By the Numbers: How Dangerous Is It to Be a Cop?
Are Mexican drug cartels recruiting U.S. soldiers as hit men?
Florida man facing criminal charges after cooking and eating family dog
A Government Database about our Sex Lives: Gee, What Could Go Wrong?
Own your Identity with BitShares
Patent stunner: Nation’s most notorious “troll” sues federal gov’t
Italy to invest $2bn in Iran projects as Tehran gets back to business
Unwise Deepening of an Unnecessary Crisis
Missile Test Terrorism Over Los Angeles