reply to post by antar
I would say look for a 10% increase a month at the current rate..
As gas prices accelerate, it takes a while for it to directly effect food in the way that it does.. restraunts will see it cost more to ship food in,
so they raise their price per plate, as truckers need to charge more to get supplies in..
Same thing for the grocery..
Then you have to compound the gas hikes -- rising cost to ship food -- to what himwhohathnoear was saying, monetary inflation and speculation ALSO
causing a rise in staple foods like rice, wheat and so forth.. a few months ago beer companies announced a shortage of Hops as farmers stopped growing
them to grow Corn for Ethanol .. added to rising cost to ship the beer, even luxuries like Beer are seeing and will continue to see price hikes..
However there is an easing process at work right now, how long it can hold depends on where your at.
Right now Big box stores are competing for customers, as higher fuel cost coupled with rising prices of farmed goods keep rising, their profits
shrink, but they are watching each other like vultures.. Wal Mart, Costco, Kroger, Meijer and other big name stores are competing for the lowest
prices in order to get the most sales, making pennies sometimes, but still more then other companies, thats all they care about.. they are trying to
"outlive" one another..
Kroger for example is offering a $200 addition to a Gift Card if you use your entire Rebate check to buy a gift card -- $600 becomes $800 .. the idea
is food prices are rising so fast your spending it on food anyways, might as well get more for your buck right?
Other stores are no doubt screaming at their marketing directors "WHY didnt YOU think of that!!"
Ma'n'Pa stores... will be hit the worst, they will go out of business by the dozens..
Discount stores (for the first time in my life....... I saw an Aldies commercial) are making bank off the rush for lower prices, as they can offer the
cheapest goods.. lower quality, but hey..... what do you expect..
It wont last forever though, I don't think.. the market just needs to be allowed to play out naturally without Federal interference....
But beware Antar..
The Fed will cut the Federal Rate's again.. and the dollar will drop to a new record low..
Which will cause gas to rise, again, and food to rise, again....
Just keep shopping for deals.