Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: mishedlo who wrote (69397)	9/24/2007 11:56:22 AM
From: ajtj99	Read Replies (5) of 116555

OK, my point was that you can stave off higher prices only so long. Growing up my family also had a spare freezer where we stored a processed 1/2 steer, items from our garden, and fruit picked locally. While you can still get soda on sale at $1.00 per 2-liter for national brands, it is no longer $0.88 or $0.79 like it was the past 20-years. That's a permanant change. Milk is up 40%. Ask any grocery person what their staples are, and they'll list milk, eggs, and bread near the top. Flour and sugar used to be a bigger part of the grocery business, but prepared food have taken a big chunk of that away. Eggs are up 60% the past year. Pasta's up about 20%. Tortillas are up big. If something doesn't seem like it's going up, check the package size. It may have been reduced. Ore Ida reduced many packages from 32-oz. to as low as 22-oz, but have kept the prices from creeping up too much. Same thing. It's a price increase. Here's a chart of feeder cattle. Up 15% this year. That has to translate at the supermarket quotes.ino.com Here's live cattle quotes.ino.com Hogs are down, somewhat mitigating that. Chicken's up 15% as well. I know. I watch prices too.

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