by Susan Duclos, All News Pipeline:
The inflation numbers for December 2022 are out, and once again being hailed as “lowering” inflation with a 6.5% annual reading, with the MSM once again boasting of how the numbers are “in line with expectations.”
The core categories, plus other items with notable year-over-year price changes above that 6.5% that are rarely are addressed by the national media, includes eggs, fuel, butter & margarine, airfare, lettuce, utility, public transportation, frankfurters, white bread, roasted coffee, dairy and related products, electricity, tools, hardware and supplies, and poultry.
TRUTH LIVES on at https://sgtreport.tv/
The year over year numbers themselves for the aforementioned products are a kick in the gut, with eggs seeing the highest price spike at 59.9% since December 2021. Butter and margarine 35.3%, lettuce has risen 24.9%, frankfurters come in at 18.2% higher than at the same time the year before, white bread 17.7%, roasted coffee 15.5%, dairy & related products 15.3%, & poultry comes in at 12.2% more than at the same time the year before.
But hey, no worries, “overall” inflation is down to just 6.5%. They say that like it is good news that you are paying “only” 6.5% more in December 2022 than you did for the same products the year before.
|Chart via CNBC|
The nation need not worry because the 6.5% was expected! It really does not matter that you are paying 6.5% more in December than you did last year at this time, because it isn’t the 7%+ from November!
Never mind your wallet, that doesn’t count. Forget the fact that you pay more to get less at the grocery store, that is of no concern……to them.
Ok, enough sarcasm.
Because we have awesome readers that take the time to snap images, upload them and send them on over to us, we can show a real time look at what it looks like on for products that allegedly went down from December 2021 to December 2022
According to the same CNBC report, beef and veal went down by 3.1%. On January 20, 2023, we received an email from Arizona, with an image showing the price for a prime rib steak, on sale as a manager’s special at 30% off.
|Safeway, Queen Creek, Az|
$28.19 for less than a pound. $29.99 per pound.
So that is what it looks like to see prices go down? Only goes to show how very much they rose the year before.
We have been warned that due to the inability to feed cattle, many ranchers have been forced to sell before their cows have calved, meaning no youngsters for those, leading to warnings of future beef shortages and prices hikes.
Similarly, two-thirds of ranchers and livestock farmers reported selling off animals, with average herd sizes expected to be down 36%, the poll showed. The biggest herd declines are in Texas (down 50%), New Mexico (43%) and Oregon (41%), showing the wide geographic distribution of the distress.
Get your beef before the prices spike even more.