| | | Not a Joke, U.S. Govt Takes the Official Position There Is No Food Inflation
January 28, 2022 | sundance | 307 Comments
The same people who told us to appreciate saving $0.16 on our July 4th BBQs last summer are now taking the official position there is no massive food inflation. [ DATA HERE]
Those skyrocketing prices you think you see at the grocery store are not real. Those announcements of forecasted price increases by the food producers, well, those are not real either. So sayeth the United States Dept of Agriculture (USDA).
In their update to the USDA pricing forecast and analysis dated January 25, 2022, the USDA claims: “2021 retail food price inflation continued at same pace as 2020 but varied among food categories.” Oh, but it gets even more stupid:
“USDA, Economic Research Service (ERS) researchers project that prices for food-at-home, or food purchased typically from grocery stores or other food stores, will increase between 1.5 and 2.5 percent in 2022, lower than the 3.5-percent increase that occurred in both 2020 and 2021. Forecasts for all food categories for 2022 are available in ERS’s monthly Food Price Outlook data product, updated January 25, 2022.” ( link)
If there was ever an argument that every single institution in the U.S. government was corrupt, manipulative and ideologically bent, this claim by the USDA would be a case study in the supportive evidence.
Apparently, if you are to follow the outlook of the USDA – and reconcile their institutional hypocrisy, Joe Biden increased the rate of food stamp assistance by 25 percent for some unknown reason. Because according to the Dept of Agriculture, “Retail food prices increased by a mere 3.5 percent in 2021, equal to the rate in 2020.”
3.5% ?
You just cannot make this up.
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