{"id":43761,"date":"2014-04-17T06:38:58","date_gmt":"2014-04-17T10:38:58","guid":{"rendered":"http:\/\/valorguardians.com\/blog\/?p=43761"},"modified":"2014-04-18T04:57:42","modified_gmt":"2014-04-18T08:57:42","slug":"hello-inflation-its-not-just-for-beef-any-more","status":"publish","type":"post","link":"https:\/\/www.azuse.cloud\/?p=43761","title":{"rendered":"Inflation:  It\u2019s Not Just for Beef Any More"},"content":{"rendered":"<p>The other day, I wrote about <a href=\"..\/?p=43516\">the rise in beef prices<\/a>.\u00a0 Beef is at a 27 year high.<\/p>\n<p>Here are a few other things found in many people\u2019s grocery basket (well, in normal people\u2019s grocery basket; PETA members might not have them in theirs):\u00a0 pork, shrimp, eggs.\u00a0 How have they fared since Feb 2009, you ask?<\/p>\n<p>Well, hello inflation:\u00a0 it\u2019s not just for beef any more.<\/p>\n<p>Here are the numbers, <a href=\"http:\/\/www.zerohedge.com\/news\/2014-04-15\/soaring-food-inflation-full-frontal-beef-and-shrimp-prices-explode\">courtesy of zerohedge.com<\/a>:<\/p>\n<ul>\n<li>Pork:\u00a0 Feb 2009, ~110; end Mar 2014, 152.50; % change, 38.6%<\/li>\n<li>Shrimp:\u00a0 Feb 2009, ~80; end Mar 2014, 162; %change, 102%<\/li>\n<li>Eggs:\u00a0 Feb 2009, ~1.85; end Mar 2014, 2.061; %change, 11.4%<\/li>\n<\/ul>\n<p>For comparison: beef was at ~225 in Feb 2009; at the end of March 2014, 289+\u00a0 &#8211;\u00a0 a %change of 28.4%.<\/p>\n<p>According to the BLS, CPI inflation during roughly the same period (since 2008, presumably since the end of that year) <a href=\"http:\/\/www.bls.gov\/data\/inflation_calculator.htm\">has been less than 10%<\/a> &#8211; 9.75%, to be precise<\/p>\n<p>Of the four food items listed above, only eggs have risen in price at a rate even close to the same rate as inflation.\u00a0 The other items have risen at a higher rate than inflation &#8211; all by more than double inflation, and by 10+ times as much in the case of shrimp.<\/p>\n<p>Yes, other factors \u2013 drought, illness in pigs \u2013 has contributed to the price rises. \u00a0And yes, food costs are traditionally volatile. \u00a0Still:\u00a0 when food costs are rising seemingly across the board faster than inflation, you do have to wonder.<\/p>\n<p>Yeah, that economic recovery is really working;\u00a0 people are certainly better off today.\u00a0 The Administration tells us so!<\/p>\n<p>What\u2019s next\u00a0 &#8211;\u00a0 <em>\u201cLet them eat cake\u201d<\/em>?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The other day, I wrote about the rise in beef prices.\u00a0 Beef is at a 27 &hellip; <a title=\"Inflation:  It\u2019s Not Just for Beef Any More\" class=\"hm-read-more\" href=\"https:\/\/www.azuse.cloud\/?p=43761\"><span class=\"screen-reader-text\">Inflation:  It\u2019s Not Just for Beef Any More<\/span>Read more<\/a><\/p>\n","protected":false},"author":623,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-43761","post","type-post","status-publish","format-standard","hentry","category-economy"],"_links":{"self":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts\/43761","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/users\/623"}],"replies":[{"embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=43761"}],"version-history":[{"count":0,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts\/43761\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43761"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43761"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43761"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}