And some prices are rising even more quickly. The latest data show cereal prices rising by more than 8% a year. Both flour and rice are up more than 13%. Milk, cheese, bananas and even peanut butter: They’re all up by more than 10%. Eggs have rocketed up 30% in a year. Ground beef prices are up 4.8% and chicken by 5.4%.
What may be simple news hype is looking more and more like a pattern. I don’t see to much of a pattern of self-referential stories (the same sources over and over) and things are looking like the first warning signs of impending trouble. Folks, if you don’t have a well stocked pantry, today is the day you should start thinking about it; or at least getting all your dry durables in order before price problems.
Being unemployed; I can’t plan that far out; I can only blog about it.
How long are you “food secure” what I mean is, should there be a crisis, how long can you last on the food you have in your house?