Food inflation

March 13th, 2013 at 11:15 am by David Farrar

The latest Food Price Index is out and dropped this month. What I tend to focus on in the long-term change in prices.

In the last four years (Feb 2009 to Feb 2013) food inflation was 7.6% and fruit and vegetable prices went up 9.5%. That is equivalent to annual food inflation of 1.8% and fruit and vegetable inflation of 2.3%.

For the four years prior (Feb 2005 to Feb 2009) food inflation was 20.8% and fruit and vegetable prices went up 22.1%. That is equivalent to annual food inflation of 4.8% and fruit and vegetable inflation of 5.1%.

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3 Responses to “Food inflation”

  1. hinamanu (2,352 comments) says:

    On a slightly related consumer topic

    Guess What Kills One Person Every 19 Minutes?

    When it comes “how you’re going to die,” many people fear things like airplane crashes or shark attacks, even though statistics show that deaths from these events are very rare. Conversely, far too many people mistakenly believe that certain common aspects of everyday life are extremely safe — when, in reality, this is often far from the truth.

    Once such daily ritual that is far more dangerous than many people believe is taking properly prescribed pharmaceutical drugs. Popping pills on a daily basis to “improve health” has become far too common for many Americans. In fact, according to the CDC, approximately 50% of all Americans take a pharmaceutical drug daily. When you isolate senior citizens, the number shoots up to an astonishing 90%. And perhaps even more troubling, 20% of children take a pharmaceutical drug.

    
http://www.secretsofthefed.com/guess-what-kills-one-person-every-19-minutes/

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  2. krazykiwi (9,186 comments) says:

    Damn! That reduction in food price inflation will make it much harder for the socialists (who oppose asset sales on the basis of ideology) to demand that the government nationalises supermarkets as ‘essential infrastructure’, a position they must surely take on the basis of the same ideology.

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  3. Manolo (13,837 comments) says:

    hinamanu, aka trivialrev, don’t sweat it. Live and let live.

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