Food costs eating into consumers' saving at the pump as holidays near

[dmcowen674]

11-12-2014

http://news.yahoo.com/food-costs-eating-consumers-saving-pump-holidays-near-123439928--business.html

Food costs eating into consumers' saving at the pump as holidays near



Martha Franco says she hadn't really noticed the sharp drop in gasoline prices, even though the mother of three is always shuttling the kids around in her SUV. She has been paying closer attention to the soaring cost of meat instead.


"Meat and grains. Actually it seems like the price of everything is going up," Franco, 30, said following a visit to a Kmart discount store on the outskirts of Chicago, with her two youngest children and a bag of groceries in the shopping cart.

Johnson estimates higher food prices will likely swipe about $10 billion out of consumer wallets in November and December compared with a year earlier, double the $5 billion boost expected from cheaper gasoline.

Sears Holdings said that it too could benefit, noting shoppers at its Kmart chain were more sensitive to changes in gasoline and other prices.
The fall in gas prices "will hopefully give them added shopping confidence heading into the holiday season," said Imran Jooma, executive vice president of the holding firm.


But standing outside the Chicago area Kmart, shopper Franco did not display such confidence.


"Everything is so expensive and my husband's salary has not increased," she said.

 

[dmcowen674]

Of course the pre-election feaux drop in gas is rapidly fading.

Many states have returned to above $3 levels.

 

[norseamd]

So you finally made the food price topic I was wanting.

 

[Matt1970]

Nope. Still dropping. In fact here in NY we are finally going below $3 in a lot of spots.

 

[Londo_Jowo]

Nope, holding steady here at well below $3/gal.

 

[norseamd]

Hey stop with the gas pricing we already have threads for that.

 

[WilliamM2]

Of course the pre-election feaux drop in gas is rapidly fading.

Many states have returned to above $3 levels.

Gas is still dropping here.

Food has been going up for years, then again, so have cars, clothing, household items, cable, telephone, taxes, health care, shipping, etc. Come join us in the real world...

Why not get a job, you won't have to worry so much?

 

[Londo_Jowo]

Hey stop with the gas pricing we already have threads for that.

Too bad McOwned mentioned gas prices in his second post in the thread as that allows for the responses to his claim.

 

[norseamd]

Why not get a job, you will still have to worry so much.

FTFY

 

[CPA]

Drink milk for $5...Drink milk for $5...Drink milk for $5!

 

[fskimospy]

Food price inflation has been 3% over the last 12 months. Pretty standard.

http://www.bls.gov/news.release/cpi.nr0.htm

 

[FaaR]

Food expensive?

Maybe stop throwing away 40-50% on average of the food you americans buy, that'd save you shitloads, literally. Not to mention the moral implications of wasting huge quantities of food in a world where ~1bn+ people live near or at starving conditions.

 

[Texashiker]

Food price inflation has been 3% over the last 12 months. Pretty standard.

Nice deflection.

From the link you posted,

fish, and eggs has increased 9.4 percent
beef and veal up 17.8 percent
pork index up 11.4 percent.

Nothing to see here, move along.

 

[OutHouse]

Paid $2.83 yesterday still dropping.

Paid almost $5.00 for 80/20 ground beef at kroger on Sunday, still going up.

 

[OutHouse]

Food expensive?

Maybe stop throwing away 40-50% on average of the food you americans buy, that'd save you shitloads, literally. Not to mention the moral implications of wasting huge quantities of food in a world where ~1bn+ people live near or at starving conditions.

What country are you from?

 

[Texashiker]

Price of gas will continue to drop as the US is trying to bankrupt Russia.

OPEC has agreed to increase production, which will drive down the price of gas, thus reducing the amount of money Russia makes in oil sales.

Winter is here, obama and his minions want to reduce European dependance on Russian oil and gas.

 

[fskimospy]

Nice deflection.

From the link you posted,

Nothing to see here, move along.

Lol. Who knew that posting actual food price inflation numbers was a deflection?

Unless you meant a deflection away from the whining of ignorant people.

 

[Texashiker]

Lol. Who knew that posting actual food price inflation numbers was a deflection?

Unless you meant a deflection away from the whining of ignorant people.

Pretty clear you do not have a family. You're not married, no kids, probably still live with mommy and daddy.

Putting food on the table is an adult problem.

There are people out there who are very concerned about keeping their family fed. Your "oh food prices are normal" BS is not addressing the problem.

You seen the price of bacon lately? Just cooking breakfast cost a small fortune.

 

[Pulsar]

Food expensive?

Maybe stop throwing away 40-50% on average of the food you americans buy, that'd save you shitloads, literally. Not to mention the moral implications of wasting huge quantities of food in a world where ~1bn+ people live near or at starving conditions.

Awwww. Isn't jealousy cute?

 

[Genx87]

Food price inflation has been 3% over the last 12 months. Pretty standard.

http://www.bls.gov/news.release/cpi.nr0.htm

Rather scary the increase in cost for what many people would consider staples(Beef, Poultry, Eggs ect).

What is in the basket that manages to keep overall food prices so low?

 

[fskimospy]

Rather scary the increase in cost for what many people would consider staples(Beef, Poultry, Eggs ect).

What is in the basket that manages to keep overall food prices so low?

Tons of other items from all categories, weighted by how much people tend to spend on them.

 

[Texashiker]

Tons of other items from all categories, weighted by how much people tend to spend on them.

So tell us, when was the last time you went grocery shopping?

Maybe threw a cookout for your friends and family?

 

[fskimospy]

Pretty clear you do not have a family. You're not married, no kids, probably still live with mommy and daddy.

Putting food on the table is an adult problem.

There are people out there who are very concerned about keeping their family fed. Your "oh food prices are normal" BS is not addressing the problem.

You seen the price of bacon lately? Just cooking breakfast cost a small fortune.

I'm sorry that math makes you so angry. You're just a hateful person, maybe you need Jesus.

I've lived on my own since I was 19 and have never gotten a dime of help from my family. (Outside of gifts at Christmas and my birthday). I paid my own way through college and recently bought my own place with my own money, beating cancer along the way.

Maybe you wouldn't have to whine about 3% inflation on food prices so much if you had some of my get-up-and-go, huh. Time for you to stop whining and be an adult.

 

[Texashiker]

<snip>

Maybe you wouldn't have to whine about 3% inflation on food prices so much if you had some of my get-up-and-go, huh. Time for you to stop whining and be an adult.

3% for what people consider a staple? Eggs, beef, pork, chicken, bacon? More like 7% - 16% increases in those prices.

What do you suggest, everyone become a vegan? Aint gonna happen.

Last time I looked at a whole chicken at walmart it was around $9. Someone on minimum wage would have to work at least 2 - 3 hours just to provide one meal with a chicken and side dish.

And this is while a record number of people are receiving government assistance.


~~~~~~~~~~~~~~~~~

And I am sorry to hear about your cancer. I am glad you are doing better.

 

[Sonikku]

Probably for the best. Been looking around lately and a bunch of Americans look like they could stand to skip a few meals.