According To The Globalists, We Are One Crop Failure Away From ‘Food System Meltdown’ – New Consumables Added To The Shortage And/Or Inflation List
- According To The Globalists, We Are One Crop Failure Away From ‘Food System Meltdown’ – New Consumables Added To The Shortage And/Or Inflation List
by Susan Duclos – All News PipeLine
Food costs are still rising, as we see the food-at-home in February 2023 were 10.2 percent higher than in February 2022, and we feel it at the grocery store every day. Yesterday Stefan came home from the store with four full plastic bags and a gallon of milk, and spent more than $200.
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It is good thing we have emergency survival food we bought almost nine years ago, because it looks like we will be using it unless we win the lottery……..then again we don’t play the lottery, so there goes that idea.
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With food inflation still topping overall inflation, and for some items, like cereals, we are talking 11%-12% increase from last year at this time. Some key points from the USDA Economic Research Service’s March 2023 forecasts, which incorporate the February 2023 Consumer Price Index and Producer Price Index numbers.
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• The food-at-home (grocery store or supermarket food purchases) CPI increased 0.3 percent from January 2023 to February 2023 and was 10.2 percent higher than February 2022
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• In 2023, all food prices are predicted to increase 7.5 percent, with a prediction interval of 5.5 to 9.6 percent. Food-at-home prices are predicted to increase 7.8 percent, with a prediction interval of 5.3 to 10.5 percent. Food-away-from-home prices are predicted to increase 8.3 percent, with a prediction interval of 7.2 to 9.3 percent.
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• Prices increased for 13 food-at-home categories between January 2023 and February 2023. Prices increased for all categories except fresh vegetables and eggs.
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• In 2023, prices are predicted to increase for other meats (4.5 percent), poultry (3.4 percent), dairy products (6.4 percent), fats and oils (15.4 percent), processed fruits and vegetables (11.4 percent), sugar and sweets (11.1 percent), cereals and bakery products (11.7 percent), nonalcoholic beverages (10.7 percent), and other foods (8.5 percent).
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• Retail egg prices decreased 6.7 percent in February 2023 but remained 55.4 percent above February 2022 prices. Egg prices are predicted to increase 29.6 percent in 2023, with a prediction interval of 13.4 to 48.9 percent. This wide prediction interval reflects the volatility in retail egg prices.
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