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.
Those announcements of forecasted price increases by the food producers, well, those are not real either.
"USDA, Economic Research Service 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.".
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.".
Food producers have announced price increases in products from 8% to 60% in the next few months.
Ignore the prices at the grocery store, and there is no food inflation.
Friday, January 28, 2022
Not a Joke, U.S. Govt Takes the Official Position There Is No Food Inflation
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