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The ~6% rise in U.S. food prices last year likely was the peak and will return to more "normal"...

The ~6% rise in U.S. food prices last year likely was the peak and will return to more "normal" gains of 3%-4% in 2012, chief USDA economist Joseph Glauber says. U.S. cattle and hog producers may expand their herds as the price of animal feed falls, adding to the available supply of meat and bringing down prices of beef, pork and poultry.
Comments (3)
  • inthemoney
    , contributor
    Comments (981) | Send Message
     
    That is still 10% rise in 2-3 years while people's salaries don't grow.
    4 Jan 2012, 04:33 PM Reply Like
  • D_Virginia
    , contributor
    Comments (2280) | Send Message
     
    So, for consumers, it's out of the frying pan and into the...slightly smaller frying pan?

     

    What we need are food price DECLINES. The fact that food is getting more expensive at a slightly slower rate still doesn't help people who aren't getting similarly more income.
    4 Jan 2012, 08:58 PM Reply Like
  • Bill S. Friend
    , contributor
    Comments (714) | Send Message
     
    The Fed tripling the money supply does not bode well for commodities relenting on an ever upward track of inflation. The USDA is just blowing sunshine and smoke (you know where). Worst case scenario the data gets revised when nobody is looking. Look at the National Association of Realtors recent downward revisions only 17% for a copuple of years. How about S&P or Moody ratings? Can an investor possibly rely on any market measure with all the fraudulent reporting?
    4 Jan 2012, 09:41 PM Reply Like
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