3 ms·

I wish people would stop acting like the world is fine aside from gasoline. Food at home is up 12% from a year ago - cereals and bakery products up 13.8% - Fl

I wish people would stop acting like the world is fine aside from gasoline. Food at home is up 12% from a year ago - cereals and bakery products up 13.8% - Flour and prepared flour mixes up 19.2% - fruits and vegetables 8.1% - Canned vegetables 14.3% - Dairy and related products 13.5% - Fresh whole milk 17.1% - Meats, poultry, and fish 11.7% - Eggs 33.1% - Nonalcoholic beverages and beverage materials 11.9% - Roasted coffee 16.8% - Other Foods 14.4% - butter and margarine increasing 26.3 percent.

ejolto 4y ago
It's not surprising that food prices rise when gasoline and natural gas prices rise. You need the gas for transporting and producing food, and you need natural gas for manufacturing fertilizer.
roguas 4y ago
All this products require energy resources to produce. Energy resource prices are volatile thus everybody has to add safe margins. Not really a lot more to say - world is not fine, there is a war in northern parts which is rare. There are additional factors contributing to inflation (covid spending etc.)
zinekeller 4y ago
> I wish people would stop acting like the world is fine aside from gasoline. The reason why is there an (appropriate in my opinion) focus on gasoline and other crude-oil products is that other commodities and services relies on this commodity. We're not yet in a state where we can use other resources as substitute for it (either because green energy is not that scaled-up or because crude oil directly contains what is needed - for example fertilizers and plastics).
Throwawayaerlei 4y ago
Perhaps worth noting poultry and especially chicken eggs are subject to truly transitory inflation due to the current avian flu outbreak: https://en.wikipedia.org/wiki/2020%E2%80%932022_H5N8_outbreak https://en.wikipedia.org/wiki/2020%E2%80%932022_H5N8_outbrea... Have not checked up on it for a while, but in the US it hit laying hens much harder than any other poultry category. You are of course generally correct, food inflation for what I buy is roaring and significantly above topline CPI.
time_to_smile 4y ago
As a community HN has a strong normalcy bias to the point where they will flag and down vote comments and articles that challenge it too much. The worst something can be admitted to be is "not great now, but we'll have a fix in soon". In general this community is blind to any of the major systemic issue we are facing that are likely to forever decrease our quality of live. I'm reminded of an interview with a few years back with the mayor of Tangier, an island which is visibly sinking off the coast of Virginia. In one instance the mayor points to a part of the sea where a community playground used to be, and when asked about climate change, without skipping a beat, replies that he just doesn't see any evidence for it. That was a few years back now, and it was then I realized that for a certain subset of the population, no matter how real the decline of our civilization is, they will never see it. The Hoover dam could stop running from the emptying of lake mead, we could have global crop failures and being living with intermittent power outages, all of us living lives that are unquestionably worse off than 10 years ago and people in the community would still be decrying that everything was media sensationalism (even though the media rarely reports on anything being as dire as it is).

ejolto 4y ago

It's not surprising that food prices rise when gasoline and natural gas prices rise. You need the gas for transporting and producing food, and you need natural gas for manufacturing fertilizer.

roguas 4y ago

All this products require energy resources to produce. Energy resource prices are volatile thus everybody has to add safe margins. Not really a lot more to say - world is not fine, there is a war in northern parts which is rare. There are additional factors contributing to inflation (covid spending etc.)

zinekeller 4y ago

> I wish people would stop acting like the world is fine aside from gasoline. The reason why is there an (appropriate in my opinion) focus on gasoline and other crude-oil products is that other commodities and services relies on this commodity. We're not yet in a state where we can use other resources as substitute for it (either because green energy is not that scaled-up or because crude oil directly contains what is needed - for example fertilizers and plastics).

Throwawayaerlei 4y ago

Perhaps worth noting poultry and especially chicken eggs are subject to truly transitory inflation due to the current avian flu outbreak: https://en.wikipedia.org/wiki/2020%E2%80%932022_H5N8_outbreak https://en.wikipedia.org/wiki/2020%E2%80%932022_H5N8_outbrea... Have not checked up on it for a while, but in the US it hit laying hens much harder than any other poultry category. You are of course generally correct, food inflation for what I buy is roaring and significantly above topline CPI.

time_to_smile 4y ago

As a community HN has a strong normalcy bias to the point where they will flag and down vote comments and articles that challenge it too much. The worst something can be admitted to be is "not great now, but we'll have a fix in soon". In general this community is blind to any of the major systemic issue we are facing that are likely to forever decrease our quality of live. I'm reminded of an interview with a few years back with the mayor of Tangier, an island which is visibly sinking off the coast of Virginia. In one instance the mayor points to a part of the sea where a community playground used to be, and when asked about climate change, without skipping a beat, replies that he just doesn't see any evidence for it. That was a few years back now, and it was then I realized that for a certain subset of the population, no matter how real the decline of our civilization is, they will never see it. The Hoover dam could stop running from the emptying of lake mead, we could have global crop failures and being living with intermittent power outages, all of us living lives that are unquestionably worse off than 10 years ago and people in the community would still be decrying that everything was media sensationalism (even though the media rarely reports on anything being as dire as it is).