Market Friday: Price Increases in MyCalifornia

in Ladies of Hive2 years ago

I went for groceries two days in a row. These are my purchases.

I bought 2 packages of swai, raw shrimps, pork back ribs, a dozen eggs, precooked pizza, 2 avocados, green beans, Crimini mushroom, baby carrots, onions, and a bottle of diet coke. The total purchase was $68.41.


The next day, again on my way home, I dropped by the grocery and bought the following for $88.40: miscellaneous vegetables, coffee, Knorr Chicken seasoning, McCormick onion powder, milk, chicken liver, chicken and pork feet (ooh, I gonna try a French Recipe).


USDA Raises 2022 Food Inflation Forecasts Again, Highest Grocery Food Price Hikes in 42 Years By JIM WIESEMEYER May 25, 2022

USDA raised its estimated range of 6.5%-7.5% y/y increase from a range of 5%-6%, according to the May Food Price Outlook report, the highest forecast for all food prices and restaurant prices since 1981, and the highest grocery store price boosts since 1980.

The biggest increase is eggs for the second month in a row, hiked to a 19.5%-20.5% range from a 6%-7% range. Just two months ago, USDA had egg inflation at 2.5%-3.5% y/y.

Other categories with big increases: pork, poultry, fats and oils.

USDA only kept their price increases steady from April for beef and veal (6% to 7%), fresh vegetables (4% to 5%), processed fruits and vegetables (5.5% to 6.5%) and sugar and sweets (5.5% to 6.5%).

Details of the Report:

Consumer price index (CPI) for all food: a rise of 6.5% to 7.5% in 2022 vs 2021, up from 5% to 6% in April and using the midpoint of USDA’s range biggest rise in food prices since they rose 7.8% in 1981.

Food away from home (restaurant) prices: up 6% to 7% in 2022, from April forecast of up 5.5% to 6.5%. That is the biggest rise in restaurant prices since 1981 when they increased 9%.

Food at home (grocery store) prices: up 7% to 8%, versus April outlook of a rise of 5% to 6%. That would be the highest grocery store price rise since 1980 when prices rose 8.1% — prices rose 7.2% in 1981.

Source: Agweb.com



Yes, groceries are expensive here in California, and I am sure all over the United States. The cost per gallon of Premium Gas is $6.50.

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Yes, groceries are expensive here in California, and I am sure all over the United States. The cost per gallon of Premium Gas is $6.50.

It's all over the world. Fuel prices here are even a little higher

Will it progress to something else, like a recession?
Inflation and recession are not a pretty picture!
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It is just so annoying seeing this prices go up

It is real! Got to be more careful in my purchases.
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The prices just aren't keeping up with the wage increases. At some point, I do believe that the consumer will become pickier and they won't buy as much. So this should drive the prices back down.

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Yeah, it's not keeping up...
Hahaha... I'm afraid it is not as simple as supply and demand!
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I've been buying stuff on Amazon and then checking the prices two months later and the prices almost always increase over that time. Most recently purchased a $55 tent two months ago and it now costs $64.

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Wow... and I don't buy tents!
This inflation is hitting us hard, @the-bitcoin-dood !
!invest_vote

This is only going to get worse. You can thank our leaders for creating massive amounts of debt and printing currency for this. Real assets like silver and gold are going to one day explode in value, they can keep on suppressing the prices for now. Buy it while it's still cheap!

You understand, @cryptoguitar9999 !!!
I dollar cost average in buying silver and gold.
But with the developments on prices, I'll be shipping for lower priced silver/gold!
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In Italy all products are increasing. From gasoline to flour. In addition, all construction works have undergone an increase in cost. Some electronic components are not found even if they are paid by the weight of gold, I have heard that there are people who participate in auctions to buy the electronic components of photovoltaic panels.

It is all based on the prices of oil!
We are self-sufficient in oil.
However, Biden is against digging... he is all into renewable sources...
He'd rather buy.
!invest_vote

Here in Italy we don't have oil and we waited a long time before starting to use renewable sources, we are thinking about it only now after having bought fossil fuels from other countries.

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hello dear friend @silversaver888 good afternoon
inflation is a problem in much of the world, I appreciate you letting us know about your two purchases
have a beautiful weekend

Yes, @jlufer !
I'd better be wise in my purchases.
Enjoy the weekend!
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Yeah it's pretty bad here in Canada too

Sure it is!
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With the current rate of inflation. I pray we don't end up in recession.

Thanks for sharing

Cheers 🍻

We might ... some say its beginning!
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Thanks for sharing your grocery shoppings with us @silversaver888 😁👋🏻
I see that beautiful basket 🥰 so great!

Yes, it’s crazy at the moment… everywhere I see it goes up even here in Spain. Every week the shop has new prices. Even the petrol, hubby got his petrol the other day in Gibraltar when we visited. So much cheaper than Spain now, but still… crazy compared to a year ago.

Happy Friday! Big hugs 🤗

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thanks for this testimony that comes from Spain, even in Italy prices are rising dramatically

You are welcome 😁
Yes, it is just everywhere at the moment. All over the world.
Have a wonderful weekend!

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Wow! Maybe we should relocate there, hehehe!
I will monitor my budget, for sure, @littlebee4
Happy Saturday! I am late, as usual!😏
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Na… all the rest is more expensive than Spain in Gibraltar 🇬🇮 hehehe
Thank you so much @silversaver888 😁 you too, happy Saturday
All fine to be late… we don’t have set times here 😉🤓
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$6.48 a gal of premium gas up here @silversaver888……😳
Liz stopped one day at a “local market “ and bought ONE sweet onion medium size for $3.00 😮
Tillamook cheddar cheese one lb is $10.00 …….
Stagflation is here!😬

Wow, Tillamook cheese has gone up really bad!!!
1 lb at $10.00!!!
Oh gosh, @silvertop 😬

We are really hooked on Tillamook cheese @silversaver888 . Have you ever been to the Tillamook cheese factory in Oregon it’s well worth the trip sometime!🤗

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Prices on weekly food purchases has gone up astronomically, as has our petrol.

!WINEX still a reasonable price after all the prohibition I think cellars are still full.


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I'm having to tighten my belt, @joanstewart !
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We all seriously going to have to tighten our belts, more soups and stews less steaks 🙃

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Inflation just keeps on rising. Crisp prices have almost doubled, producers blame it on bad potatoes crop. Which is driving up manufacturing costs !

Oh my!
There are many reasons!
(Foremost is our president do not know basic economics!
He is a lawyer, the last in his graduating class... ah, don't start me out on this!)
Hahaha...
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I don't even look at the prices anymore, because I can't stop eating or buying gas ! These days though, since I work at home, I don't use a lot of gas.

Sounds crazy, right ? I know, but I just refuse to fret over it. We'll either get through it or later we'll be looking at these days as still the good ole' days.

It's not pretty, that's for sure ! I'd hate to be responsible for feeding a whole family right now.

Now that I've said that, I think I'll go send my nephew with 6 kids a grocery store giftcard. Funny, not funny... .I know.

Hahaha...
I'm sorta like you, but more conservative!
I'll surely prepare, just in case.
A grocery gift card is great, @jacey.boldart !
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Prices are going nuts everywhere! It's hard to stretch those grocery dollars and still eat as we might have been eating. A lot of people may need to get creative with their meals.

As for gas; I read an article stating that gas prices were highest along the west coast, because we have don't have any refineries. I'm here to tell you we have one in our county and one in the next county down, yet we still have some of the highest prices! The oil companies are just taking advantage and their record profits show it.

It angers me that they do that, and the higher cost of food is crazy. But honestly, what are we going to do but deal with it?

I went to the grocery yesterday to pick up cheese and some lettuce. I added a bottle of seltzer water and the total for 3 packages of cheese, lettuce and that seltzer water was over $25.00.

I could go on and on.......Take care sis! Let us know how your new recipe turns out. !LADY🤗😘🌸💕

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I certainly will be creative in my meals.
Cheese has skyrocketed!
Did you notice the type of meat?
Hahaha... it helps to experiment!!!
Hugs and kisses sis 🤗😘🌸
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I did notice the meat, and I'm not sure I would be up for that, lol! Sometimes, I go vegan for a bit and then I need the meat. I'm a hybrid, I guess.

Cheese has indeed skyrocketed! Take care sis!🤗😘💕🌸

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Too tired today, so I Ordered two Large Papa Leo's Pizzas (Sliced) and picked it up myself for $50 CAD to avoid the $5 delivery charge. Last Summer the pizzas were $19.50 with $2 Delivery charge. It wouldn't be any cheaper if I sliced it myself.

Always, with love 🤗🌺❤️

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Inflation is sure gonna get us sis!
I will have to rethink my stacking!
Hugs and kisses, 🤗🌺❤️
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I agree that the prices are only getting higher and higher. Part of the problem is that we are not changing our habits, just adjusting to the higher prices. I have stopped buying high-end food, mostly to keep within my own self-inflicted budget. (sort of)

Do you think we are headed for a recession? You don't? If it keeps on going like this, I don't see where else it can go. We are paying for the poorly thought out fixes to the big problems as Covid was shutting down the world. I have to admit, I am glad I wasn't in charge of that, but, look at this! I don't want to be in charge of this either!

I have started cooking a little differently, I have always canned and kept a great supply of dried beans, and things that stand the test of time. I have already done much of the jam for next year and other food items. I am not a pessimist, I just believe that leaner times are coming. I dehydrate meat into jerky, it is such an easy thing to do.

I'm still stacking. I went ahead and ordered one of those monster boxes of fun! I needed something pretty, you know? A fun post that takes a serious look at the economy.

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Oh, my friend @silversaver888. What a difficult situation we are living in worldwide.

I was telling my baby about your publication and all the general comments in the same sense, that we remember what we saw at the beginning of the years regarding the predictions of baba vanga. Every year we see so much of Nostradamus and this time we came across hers. It is not that we believe much in those things but they have been very accurate, and therefore sometimes we say "they fly, they fly", she spoke of a worldwide inflation and economic crisis. And look, you say that something like this has not happened in the U.S. for many years, it is a considerable increase.

Here in Venezuela that has been happening for years, a galloping inflation. We have already had I don't know how many monetary reconversions, our currency is garbage, with the difference that now everything is practically dollarized, and everything is increasing in dollars in an exaggerated way and not even the dollar is worth anything anymore. And here the minimum salary is approximately $20, with that you can't even eat for two days and that is for those who earn that salary, who are the pensioners and other public employees, those in the private sector or professionals earn a little more but that does not even reach $200, imagine those of us who do not work, or do not have a fixed livelihood. It is difficult and serious.

Let us continue to ask God to put his hand in for us.

Hugs and blessings.

Your country used to be a progressive nation. But taking Venezuela back to the relative prosperity it enjoyed for much of the 20th century will not be easy. Things can still get worse.
We need to pray harder for Venezuela.
It is a difficult situation... worldwide.
Take care, @dayadam
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