"The mainstream media's omission of an objective
opposing view can be considered the commission of a lie" "Eventually,
the macromedia will lie it's self out of existence"
Health Care cost
are up, Beef is up, Pork is up, Electricity is up, not to worry, Fed
says there is no inflation - Gary
Extreme weather has
thinned the nation’s cattle herds, roiling the beef supply chain from
rancher to restaurant.
grilling season, expect your sirloin steak to come with a hearty side of
Beef prices have reached all-time highs
in the U.S. and aren’t expected to come down any time soon.
Extreme weather has thinned the nation’s
beef cattle herds to levels last seen in 1951, when there were about
half as many mouths to feed in America.
“We’ve seen strong prices before but
nothing this extreme,” said Dennis Smith, a commodities broker for
Archer Financial Services in Chicago. ”This is really new
The retail value of “all-fresh” USDA choice-grade
beef jumped to a record $5.28 a pound in February, up from $4.91 the
same time a year ago. The same grade of beef cost $3.97 as recently
The swelling prices are roiling the beef supply chain from rancher
Norm Langer managed to go two years
without raising prices at his famed Westlake delicatessen.
But last week, he reluctantly began
printing new menus showing a 50-cent increase for sandwiches at his
Langer accepts it’s one of the perils of
business when your bread and butter happens to be corned beef and
pastrami. But he fears he may have to raise prices again, driving
Food Inflation Setting In !
How can this be, the government
says there is merely 1.5% inflation - Gary
Soaring Food Inflation Full Frontal: Beef, Pork And Shrimp
Prices Soar To Record Highs
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…
Prices for shrimp have jumped to a 14-year high in recent months,
spurred by a disease that’s ravaging the crustacean’s population. At
Noodles & Co., a chain with locations across the country, it costs 29
percent more to add the shellfish to pastas this year, and shrimp-heavy
dishes at places like the Cheesecake Factory Inc. are going up as well.
Restaurant chains, already struggling with shaky U.S. consumer
confidence, are taking a profit hit as prices climb. Even worse, the
surge is happening during the season of Lent, when eateries rely on
seafood to lure Christian diners who abstain from chicken, beef and pork
on certain days.
“It’s coming at a tough time for the industry,” said Andrew Barish, a
San Francisco-based analyst at Jefferies LLC. “With the Lenten season,
what you’ll see out there is a lot of promotions with seafood, and
usually shrimp is a big part of that.”
In March, shrimp prices jumped 61 percent from a year earlier, according
to the U.S. Bureau of Labor Statistics. The climb is mainly due to a
bacterial disease known as early mortality syndrome. While the ailment
has no effect on humans, it’s wreaking havoc on young shrimp farmed in
Southeast Asia, shrinking supplies.
James Johnson, a Jewel-Osco supermarket shopper in Chicago, has noticed
the price increase. He’s been cutting back on one of his favorite dishes
— shrimp and potato soup — because of the cost.
“I haven’t made it in a while,” the 29-year-old said. “Shrimp
At Noodles, it now costs $3.34 to add the shellfish to a meal of pasta
or pad thai, compared with $2.59 last year.
“We still want to at least offer it as choice,” Chief Executive Officer
Kevin Reddy said in a phone interview. “As soon as the costs
begin to normalize, we’ll return to the regular price.”
Electricity Price Surged
to All-Time Record for March
Again, How can this be, the
government says there is merely 1.5% inflation - Gary
(CNSNews.com) – The average price for a kilowatthour (KWH) of
electricity hit a March record of 13.5 cents, according data released
yesterday by the Bureau of Labor Statistics. That was up about 5.5
percent from 12.8 cents per KWH in March 2013. The relative price of
electricity in the United States tends to rise in spring, peak in
summer, and decline in fall. Last year, after the price of a KWH
averaged 12.8 cents in March, it rose to an all-time high of 13.7 cents
in June, July, August and September. If the prevailing trend holds, the
average price of a KWH would hit a new record this summer. The BLS’s
seasonally adjusted electricity price index rose to 209.341 this March,
the highest it has ever been, up 10.537 points—or 5.3 percent–from
198.804 in March 2013. In its press release on the Consumer Price Index,
BLS noted that the overall energy index declined in March, driven by
declining gasoline and fuel oil indexes, despite increases in natural
gas and electricity.
”The energy index fell 0.1 percent in March after a 0.5
percent decline in February,” said BLS. “The gasoline index declined 1.7
percent in March, the same decline as in February. (Before seasonal
adjustment, gasoline prices rose 5.1 percent in March). “The fuel oil
index also declined, falling 2.9 percent after rising 4.1 percent the
previous month,” said BLS. “In contrast, the index for natural gas rose
sharply, increasing 7.5 percent, its largest one-month increase since
October 2005. It has increased 15.3 percent over the last three months.
“The electricity index also increased, rising 1.1 percent,” said BLS.
”Over the last 12 months, the energy index has increased 0.4 percent,
with the natural gas index rising 16.4 percent, the electricity index
increasing 5.3 percent, and the fuel oil index advancing 2.1 percent.
These increases more than offset a 4.7 percent decline in the gasoline
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