Despite Dip In CPI Food Prices Continue To Rise To New Heights

Despite Decline In CPI, Food Index Increases In December

 

 

 

 

 

 

” Despite a decline in the overall Consumer Price Index (CPI) in December, the food index increased and the price index for meats, poultry, fish and eggs hit a record high, according to data released today from the Bureau of Labor Statistics (BLS).

  According to the BLS, “The Consumer Price Index for All Urban Consumers (CPI-U) declined 0.4 percent in December on a seasonally adjusted basis. Over the last 12 months, the all items index increased 0.8 percent before seasonal adjustment.”

“ The gasoline index continued to fall sharply, declining 9.4 percent and leading to the decrease in the seasonally adjusted all items index,” said the BLS.

“ The fuel oil index also fell sharply, and the energy index posted its largest one-month decline since December 2008, although the indexes for natural gas and for electricity both increased,” said the BLS.

“ The food index, in contrast, rose 0.3 percent, its largest increase since September.” “

 

 

    Perhaps this has something to do with the record high food prices , after all Obama did promise that “electric prices would necessarily skyrocket” …

 

 

 

 

 

 

 

This is one promise candidate Obama has kept: Price of Electricity Hit Record High in U.S. in 2014

 

 

 

 

 

 

CNS News has the details

 

 

 

 

 

 

 

 

 

 

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Another Obama First: Cost Of Ground Beef Nearly Doubles To Record High

$4.15 Per Pound: Ground Beef Climbs To Another Record High

 

 

 

 

 

” The average price for a pound of ground beef climbed to another record high — $4.156 per pound — in the United States in October, according to data released today by the Bureau of Labor Statistics (BLS).

  In August, the average price for a pound of all types of ground beef topped $4 for the first time, hitting $4.013, said the BLS.  In September, the average price jumped .083 cents to $4.096 per pound, an increase of 2.1 percent in one month.

  In October, which is the latest data from the BLS, the average price for a pound of ground beef ($4.156) increased 1.4 percent from September.

  A year ago, in October 2013, the average price for a pound of ground beef was $3.389 per pound. Since then, it has climbed 76.5 cents, or about 22.6 percent in one year.

  Five years ago, in October 2009, the average price for a pound of ground beef was $2.177, according to the BLS. The price has since climbed by $1.977 per pound, or 90.8 percent. “

 

CNS News

 

 

 

 

 

 

 

 

 

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Obamacare Costs Rear Their Ugly Head … Everywhere

ObamaCare is About to Make Five Guys’ Burgers Cost More

 

 

 

” Liberals’ response to this will be: Well, Five Guys are just doing it wrong. That’s always their response. The government is always benevolent and doing it right (even when it imposes laws that the majority did not want); the private sector is doing it wrong. Just because, so there. That’s what arguing with liberals over ObamaCare amounts to.

The fight over Obamacare, so far held at the 30,000-foot level, is about to hit home. The latest impact hot off the grill: prices of burgers and hot dogs at Five Guys, the national chain that started in Washington, are going to rise to cover the president’s mandated insurance coverage.”

Related articles

• Ted Cruz: Why We Should Defund ObamaCare Now (conservativebyte.com)
• Marco Rubio On Board With Paul Ryan’s Aim to Defund ObamaCare (foxnewsinsider.com)
• Five Guys Burgers: Obamacare Will Boost Burger Prices (patdollard.com)
• AP: Applying for ObamaCare benefits could be as daunting as doing your taxes (hotair.com)
• Rep. Paul Ryan: House budget will assume the repeal of ‘ObamaCare’ (givemeliberty01.com)

 

 

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“World Bank: Food prices up 10% around the globe..

 …thanks to ethanol

 “This summer has not done any favors for world food production, due to a global drought and crop destroying heatwaves.  Especially, the production of corn has been affected from the lack of rainfall in the US midwest.  A recent report from the BBC lays out the details:”

 

  “Obama could solve this problem instantly by suspending the federal ethanol mandate — something his EPA actually can do unilaterally and legally. Instead, Obama will buy up meat — a move that meat producers say won’t help them much anyway. “It doesn’t solve the problem of having enough affordable corn next summer,” industry analyst Steve Meyer told Reuters. “Without changing the ethanol program, nothing can be done,” he said.””