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The Bureau of Labor Statistics (BLS) today released their Producer Price Index (PPI) report for March 2010 and the latest numbers are shocking. Food prices for the month rose by 2.4%, its sixth consecutive monthly increase and the largest jump in over 26 years. NIA believes that a major breakout in food inflation could be imminent.
Some of the startling food price increases on a year-over-year basis include, fresh and dry vegetables up 56.1%, fresh fruits and melons up 28.8%, eggs for fresh use up 33.6%, pork up 19.1%, beef and veal up 10.7% and dairy products up 9.7%.
Originally posted by bluemirage5
Before Americans start whining about food prices in the USA; perhaps they would like to come to Australia and check out our food prices that have doubled and tripled in just afew short years. While you're at it, try surviving on huge rent rises and electricity in our metro cities not to mention our higher interest rates.....oh how Americans still have it so good right now.
Originally posted by lpowell0627
Rather, don't you wish someone had stepped up and fought the good fight before it ever reached that level in the first place?
It is much easier to fight something before it happens than try and undo it later.
Originally posted by Shadowfoot
Now, vegetables,fruits and meats have been slowly, quietly almost as if under the shroud of night (if not just plain ignorance ) engineered genetically and enmeshed legally to the point that everything consumed in daily life by your average human is produced and distributed by a choice few sources.