Feds Warn of Food Price Inflation


The Department of Agriculture has warned of sticker shock facing home chefs on the eve of the Memorial Day holiday weekend, the unofficial start of the U.S. summer grilling season.

The agency said conditions in California could have “large and lasting effects on U.S. fruit, vegetable, dairy and egg prices,” as the most populous U.S. state struggles through what officials are calling a catastrophic drought.

The consumer price index (CPI) for U.S. beef and veal is up almost 10 percent so far in 2014.

USDA warns of sticker shock on U.S. beef as grilling season starts

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2 Responses to Feds Warn of Food Price Inflation

  1. John Mantos says:

    The Recession Is Coming: Economist Warns It’s Beyond Control: “I Don’t See What Will Save It At This Point”

    May 22nd, 2014

    We are on the verge of another recession. So says Shadow Stats economist John Williams, who warns that by the end of July it will become apparent to all Americans. That’s when the government will release its latest GDP economic figures and according to Williams those numbers, combined with revisions for the first quarter of 2014, will show negative economic growth for a second quarter in a row, the official definition for recession.

    In an interview with Greg Hunter’s Watch Dog USA, Williams explains that it all boils down to one critical factor. Credit lending has tightened up since the crash of 2008 and without it U.S. consumers don’t have enough money to continue fueling the economy through consumption, the single most important element of economic growth.

    LINK:
    http://investmentwatchblog.com/the-recession-is-coming-economist-warns-its-beyond-control-i-dont-see-what-will-save-it-at-this-point/

    Read more at http://investmentwatchblog.com/the-recession-is-coming-economist-warns-its-beyond-control-i-dont-see-what-will-save-it-at-this-point/#4E3dzuzhMluijrhP.99

  2. John Mantos says:

    How history repeats itself, for those that remember the movie Network.

    For those that thought President Carter’s term the economy was bad, things still bad now or worse?

    Plus Food Stamps are at their highest use ever recorded in USA, I guess some of our local Politicians must be independently wealthy or have large trust funds to support a $3.2 Million Override?

    It’s Bad Out There!

    http://www.youtube.com/watch?v=WINDtlPXmmE

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