voytechs
03-12-2008, 04:08 AM
Everyone brace yourself. The grocery stores can not absorb the higher cost of food much longer and are going to raise prices dramatically soon.
Here is a table that seems to be way behind the times already even though it lists 2008 prices. Considering the source is a government agency, I'm not surprised, of course reality is something different when you go buy groceries yourselves.
I read somewhere that flower had jumped nearly 300% for pizza places from $9/bag to $23/bag. So I went to a local pizza place in NY (the owner had a Ron Paul for president sign in his window, I couldn't resist) and after that delicious pizza asked him if the price of flower had gone up on him, since I read about it. He told me that in the last month, the price went from $11/bag to what he had paid just that day of $35/bag. Thats 300% increase folks, and that is going to spill into almost everything else which is made from flower. I don't know the exact definition of hyper-inflation, but I would assume that anything over 100% increase qualifies as hyper.
(click on image to go to article)
http://cache.boston.com/bonzai-fba/Globe_Graphic/2008/03/09/1205052003_2261.gif (http://www.boston.com/business/personalfinance/articles/2008/03/09/surging_costs_of_groceries_hit_home/)
Here is a table that seems to be way behind the times already even though it lists 2008 prices. Considering the source is a government agency, I'm not surprised, of course reality is something different when you go buy groceries yourselves.
I read somewhere that flower had jumped nearly 300% for pizza places from $9/bag to $23/bag. So I went to a local pizza place in NY (the owner had a Ron Paul for president sign in his window, I couldn't resist) and after that delicious pizza asked him if the price of flower had gone up on him, since I read about it. He told me that in the last month, the price went from $11/bag to what he had paid just that day of $35/bag. Thats 300% increase folks, and that is going to spill into almost everything else which is made from flower. I don't know the exact definition of hyper-inflation, but I would assume that anything over 100% increase qualifies as hyper.
(click on image to go to article)
http://cache.boston.com/bonzai-fba/Globe_Graphic/2008/03/09/1205052003_2261.gif (http://www.boston.com/business/personalfinance/articles/2008/03/09/surging_costs_of_groceries_hit_home/)