Assume This Will Not Sit Well in the Stomachs of Already-Broke Consumers…
As Time Goes on There Will Be a Lot of Politicians, Police Officers, Judges That Will Take Cover in Other Words They Are Going to Remain Neutral Out for Fear for Their Lives. You Are On Your Own, Prepare For The Worst, Pray for the Best –Tribulations Will Be Very Ugly
I Want Everyone to Know, Never Take Anyone’s Word for the Gospel, Especially Revelations, Here’s How It Works. When You’re in the Word God Will Speak to You Through His Holy Spirit He Will Move You in the Direction He Wants You to Go. Please Stop Looking For That Individual Here on Earth That Has All the Answers, They’re Not Here and That Confuse You.. That Includes Anything I Say, Always Test Every Spirit. Every Word That Is Uttered Out of Any Man’s Mouth Must Be Verified Through the Holy Spirit… Stevieray Hansen
Stagflation for the masses?
Cost of living is about to soar and all the average joe has to cover it is a $1400 check from Uncle Joe.
Late last year we noted that SocGen’s Albert Edwards warning readers that it could be time to start “panicking” about soaring food prices.
Edwards’ research said, “keep a very close eye as to whether we see a repeat of the 2010/11 surge in food prices” because “on the 10th anniversary of the start of the Arab Spring, and with poverty having already been made much worse by the pandemic, another food price bubble could well be the straw to break the very angry camel’s back.”
While it’s not quite the spring of 2021 just yet, there are indications that soaring food costs are about to get passed on to consumers – this is terrible news for working-poor folks who are already suffering from housing and food insecurities.
According to Reuters, Kraft Heinz Co and Conagra Brands Inc warned Tuesday that price increases of wheat, sugar, and other commodities are becoming more expensive due to elevated demand.
Conagra executives told Reuters that increased prices for edible oils, pork and eggs, and packaging might force it to pass it along to consumers in the form of higher prices.
Kraft Heinz CEO Miguel Patricio said inflation is everywhere in the agri complex.
He said inflation in “everything related to grains” is being observed, and it may result in price increases of some categories, including mac and cheese and mayonnaise, later this year.
Is it time to worry about food inflation?
According to Edwards, the answer is “yes.”
In December’s CPI print, food inflation was very notable on Jan. 13. The report said:
The food at home index increased 3.9 percent over the past 12 months. All six major grocery store food group indexes increased over the period. The largest increase was the meats, poultry, fish, and eggs index which rose 4.6 percent as the beef index increased 5.3 percent. The smallest increases were for the cereals and bakery products and the fruits and vegetables indexes, which both increased 3.2 percent over the last 12 months. The index for food away from home rose 3.9 percent over the last year. The index for limited service meals rose 6.0 percent and the index for full service meals rose 3.0 percent over the span.
Also, the Food and Agriculture Organization’s Food Price Index rose for a seventh consecutive month in December, led by dairy products and vegetable oils.
So, as the surge in global food prices remains anything but transitory, major food producers are set to pass on those food costs for consumers at a time when millions of them can barely afford rent and or feed their families.
Of course, while food prices are surging around the world, the well-managed signals in official inflation data remains relatively low… enabling central planners to keep the spigots wide open (no matter what the consequences).
As we noted previously, while central bankers walk around with their heads in the clouds, a team at C+R Research has surveyed more than 2,000 American consumers to find out how they have “adjusted” to these higher prices, which have come amid a surge in unemployment. Their findings aren’t all that surprising: 85% of consumers said that their budgets had been impacted by having to pay more for groceries. Milk, eggs and meat are the top staples that Americans are paying more for.
And given the headlines today, things are about to get even worse.
To sum up, prepare for major food companies to start jacking up food prices. We assume this will not sit well in the stomachs of already-broke consumers. Source: ZeroHedge
As a reminder, please do not post HNewsWire articles on Christian News Network, Now the End Begins, Shoebat, Parler, FaceBook, Reddit or Twatter social media platforms, We are not comfortable with their anti-Christian, anti-American, Nazi philosophy. ~Stevieray Hansen
Watchmen does not confuse truth with consensus. The Watchmen does not confuse God’s word with the word of those in power…
In police-state fashion, Big Tech took the list of accused (including this site), declared all those named guilty and promptly shadow-banned, de-platformed or de-monetized us all without coming clean about how they engineered the crushing of dissent. Now more than ever, Big Tech has exposed their hand. They engage in devious underhanded tactics to make the sinister look saintly. One of Satan’s greatest weapons happens to be deceit.
The accumulating death toll from Covid-19 can be seen minute-by-minute on cable news channels. But there’s another death toll few seem to care much about: the number of poverty-related deaths being set in motion by deliberately plunging millions of Americans into poverty and despair.
American health care, as we call it today, for all its high-tech miracles, has evolved into one of the most atrocious rackets the world has ever seen. By racket, I mean an enterprise organized explicitly to make money dishonestly.
All the official reassurances won’t be worth a bucket of warm spit. The Globalists are behind the Corona-virus. It Is a Man-Made Bio-weapon.
The post Major Food Companies to Start Jacking up Food Prices, We appeared first on www.HNewsWire.com.
Click this link for the original source of this article.
Author: StevieRay Hansen
This content is courtesy of, and owned and copyrighted by, https://hnewswire.com and its author. This content is made available by use of the public RSS feed offered by the host site and is used for educational purposes only. If you are the author or represent the host site and would like this content removed now and in the future, please contact USSANews.com using the email address in the Contact page found in the website menu.