Sorry shoppers, food prices are likely to keep rising. Here's why.

m.knox

Well-Known Member
Gold Member
Aug 20, 2003
106,411
60,272
1
Thank you Joe Xi Biden. Maybe the solution is MORE GOVERNMENT SPENDING???

https://www.cbsnews.com/news/inflation-food-prices-rising-grocery-stores/

And here @PaoliLion thinks we are in good times.... lmfao....

Industry data show that Americans are spending more on food than before the pandemic. And in a sign of the times, that is driving up food prices amid the sharpest bout of inflation in the U.S in 40 years.

"Customer demand continues to outpace our ability to supply products," Tyson Foods CEO Donnie King told a quarterly earnings call in February. Tyson's average sales price for the quarter rose nearly 20% compared to a year ago, helping the meat company recoup higher costs including for labor and transportation.

Americans are paying 10% more for food the buy at the grocery store than a year ago, with beef prices rising 16%, federal data shows.
 
  • Like
Reactions: psuted

PaoliLion

Well-Known Member
Nov 2, 2003
12,120
6,089
1
Thank you Joe Xi Biden. Maybe the solution is MORE GOVERNMENT SPENDING???

https://www.cbsnews.com/news/inflation-food-prices-rising-grocery-stores/

And here @PaoliLion thinks we are in good times.... lmfao....

Industry data show that Americans are spending more on food than before the pandemic. And in a sign of the times, that is driving up food prices amid the sharpest bout of inflation in the U.S in 40 years.

"Customer demand continues to outpace our ability to supply products," Tyson Foods CEO Donnie King told a quarterly earnings call in February. Tyson's average sales price for the quarter rose nearly 20% compared to a year ago, helping the meat company recoup higher costs including for labor and transportation.

Americans are paying 10% more for food the buy at the grocery store than a year ago, with beef prices rising 16%, federal data shows.

You think that the demand for food is outpacing supply because of government spending?
 

m.knox

Well-Known Member
Gold Member
Aug 20, 2003
106,411
60,272
1
You think that the demand for food is outpacing supply because of government spending?

What part of "stimulus" don't you understand? Isn't "stimulus" supposed to stimulate demand?

U.S. Fiscal Response to COVID-19 Among Largest of Industrialized Countries​


https://taxfoundation.org/us-covid19-fiscal-response/

US-COVID19-fiscal-response-Comparing-fiscal-responses-to-the-pandemic-2022.png
 

m.knox

Well-Known Member
Gold Member
Aug 20, 2003
106,411
60,272
1
Have you heard about the global supply chain problems?

I have. It's a real pain in the ass.

There are things one controls, and things one doesn't. Joe Xi and his administration control "stimulus", and the idiots want more of it.
 
  • Like
Reactions: Darth_VadEER