Prices For Key Foods Are Rising Sharply

[Justice]

By Kevin G. Hall | McClatchy Newspapers

Meeting with economic writers last week, President Bush dismissed several polls that show Americans are down on the economy. He expressed surprise that inflation is one of the stated concerns.

"They cite inflation?" Bush asked, adding that, "I happen to believe the war has clouded a lot of people's sense of optimism."

Much of the rise from what i can see is due to the production of bio-fuels but as soon as a lot of people use it then the taxes will go up and down the road we will have electric cars and thats why the motorways are being dug up all over the place so that electrical systems can be put in place for pay-per-mile taxing.

when ever something gets changed the public ends up getting stuffed

[sunonmars]

inflation 1.9%, my ****

[Minos]

By Kevin G. Hall | McClatchy Newspapers

Much of the rise from what i can see is due to the production of bio-fuels but as soon as a lot of people use it then the taxes will go up and down the road we will have electric cars and thats why the motorways are being dug up all over the place so that electrical systems can be put in place for pay-per-mile taxing.

when ever something gets changed the public ends up getting stuffed

I think you are correct. They use a lot of oranges, eggs, frozen juices, milk and apples in bio fuels

[stillill]

And at the Happening Bagel Backery on Seven Sisters Road, Finsbury Park, N4 - the price of bagels has gone up 25%!! (A dozen plain used to be £2, now £2.50)

[sunonmars]

And at the Happening Bagel Backery on Seven Sisters Road, Finsbury Park, N4 - the price of bagels has gone up 25%!! (A dozen plain used to be £2, now £2.50)

You know what, I come back every few months to the uk and I can tell you, I probably see it more plainly than most, because I walk into a supermarket and basically go "how much". The 3 monthly rise one after the other really does stand out.

[Leonard Hatred]

Haven't you heard? They've got together and redefined the arithmetic mean!

The "newmean" of all those numbers in 1.9%

[Fudge]

Yes, yes, yes 2+2=5

Now leave me alone.

[starsign]

Is this like for like product inflation or the average price of each product? For example, a year ago you may have bought Tesco value eggs (£0.50), now you may buy free range organic eggs (£1.00). The price of each product may not have changed, it could even have gone down, but the average price of a box of eggs that you buy has gone up. That is not really inflation in the sense of prices rising, it is just buying a premium product, and UK consumers generally trade up to more premium areas.

[crashmonitor]

Damn right milk and fruit have gone up.Good job I have currently got a secret supply of wild apples off a nearby footpath.And why the hell doesn't anyboby pick blackberries any more.My freezer is full to the brim with them,it takes about three minutes to pick a fiver's worth at supermarket punnet prices.In other words there are free fivers lying around all over the place at the moment and only food arbitrageurs like me seem to see it.

[needle]

I think you are correct. They use a lot of oranges, eggs, frozen juices, milk and apples in bio fuels

Think harder.

They all use land.

Land used for Biofuels is land taken from food production - hence the higher price of food.

[lulu]

I think you are correct. They use a lot of oranges, eggs, frozen juices, milk and apples in bio fuels

But dont forget that unless directed otherwise, farmers will grow the crop that is most profitable for them. If that happens to be biofuels then it will be at the expense of the other crops food included - so prices will rise.

[Minos]

Think harder.

They all use land.

Land used for Biofuels is land taken from food production - hence the higher price of food.

Don't be a *****. They have all always used the land. There's simply more demand. A lot of it down to all the extra wonga banks have been creating.

Edited: Why can't I say pr!ck if I want too.

Edited August 16, 2007 by Minos

[Converted Lurker]

.In other words there are free fivers lying around all over the place at the moment and only food arbitrageurs like me seem to see it.

[scott666]

Much of the rise from what i can see is due to the production of bio-fuels

Correct, and as such the increases are as a result of political decision. However the government have enough excuses at hand to blame for food inflation to deflect the blame from themselves.

[Jason]

Guess what item was taken out of the inflation basket a while back...

... guess...

Orange Juice.

[chichi]

Lots of shortages are caused by these silly EU rules which forbid over production - which means in times of world wide crisis the land will have sat there empty unfarmed.

EG: milk production capped because we can import cheap milk... but when Oz has a shortage there's more competition for the milk we'd import... when we could really be producing our own.

Maybe some policies to make the UK food independent are needed?

[starsign]

And why the hell doesn't anyboby pick blackberries any more.My freezer is full to the brim with them,it takes about three minutes to pick a fiver's worth at supermarket punnet prices.

too right, mine is too

worth a few nettle stings

[scott666]

Don't be a *****. They have all always used the land. There's simply more demand. A lot of it down to all the extra wonga banks have been creating.

Edited: Why can't I say pr!ck if I want too.

.......no it is supply and demand simple as that, decreasing the amount of land used to grow food crops has led to a massive increase in the price of crops used in everyday foodstuffs. We have not seen (much of) these increases being passed onto consumers yet, however these increases will be very noticeable shortly.

[Justice]

Correct, and as such the increases are as a result of political decision. However the government have enough excuses at hand to blame for food inflation to deflect the blame from themselves.

You mean foot & mouth ! never

[needle]

Don't be a *****. They have all always used the land. There's simply more demand. A lot of it down to all the extra wonga banks have been creating.

Edited: Why can't I say pr!ck if I want too.

What are you on about? You're not making any sense.

They have always used the land....now they're using it for something different. Simple.

Land is land is land you can t just pull it out of thin air, you know.

See Scotts post below -

.......no it is supply and demand simple as that, decreasing the amount of land used to grow food crops has led to a massive increase in the price of crops used in everyday foodstuffs. We have not seen (much of) these increases being passed onto consumers yet, however these increases will be very noticeable shortly.

[nohpc]

inflation 1.9%, my ****

inflation isn't 1.9%. The CPI is. They don't try to pretend to measure inflation of everything only what's in the basket.

[Prof]

inflation isn't 1.9%. The CPI is. They don't try to pretend to measure inflation of everything only what's in the basket.

Can we see what they "put in the basket" to measure CPI ? I wonder if they change what they use to keep CPI at the level they want .

[nohpc]

I wonder if they change what they use to keep CPI at the level they want .

I think they use the same CPI basket as the rest of europe otherwise it wouldn't be possible to compare.

[poorman]

And at the Happening Bagel Backery on Seven Sisters Road, Finsbury Park, N4 - the price of bagels has gone up 25%!! (A dozen plain used to be £2, now £2.50)

Hedon NW4 still cheap 5 for £1

[needle]

inflation isn't 1.9%. The CPI is. They don't try to pretend to measure inflation of everything only what's in the basket.

Well if its good enough to be repeated in the media and good enough for the govt to call it 'falling inflation' then its good enough for us.