Now they are attempting to persuade us that dramatically greater prices are great news. Are you joke me? Our standard of living is being systematically destroyed, and more Americans are falling out of the middle class with each passing day. The government just revealed that in July the consumer rate index was 8.5 percent greater than it was the previous July. Naturally many have challenged the worth of the inflation numbers that the government is giving us because the way inflation is calculated has actually been changed lot of times over the years. As John Williams of shadowstats.com has actually pointed out, if the rate of inflation was still computed the manner in which it was back in 1980 it would be far higher than anything that we experienced during the Jimmy Carter period of the 1970s. You can spin that any method that you want, however it is still a raging nationwide crisis.
Yes, energy prices in the U.S. have actually fallen a bit, and many Americans are very appreciative for that.
This reprieve won’t last indefinitely, and so don’t celebrate too much.
On the other hand, food expenses continue to spiral out of control…
“The food index increased 10.9 percent over the in 2015, the largest 12-month increase given that the duration ending May 1979,” BLS stated.
Some grocery store products have actually seen rates rise even faster, though.
“The food in the house index rose 13.1 percent over the last 12 months, the largest 12-month increase given that the duration ending March 1979,” BLS stated. “The index for other food in the house rose 15.8 percent and the index for cereals and pastry shop items increased 15.0 percent over the year. The remaining major supermarket food groups published increases varying from 9.3 percent (fruits and vegetables) to 14.9 percent (dairy and related items).”
Those numbers are absolutely abysmal.
I am sure that you have noticed that prices are going up when you go to the grocery store. Personally, I still remember the days when I might fill up a whole shopping cart filled with food for just 25 dollars.
What will 25 dollars get you today?
In the old days, eggs were always a relatively inexpensive option, but the federal government is informing us that the rate of eggs has actually increased 47 percent over the past year …
Inflation is wreaking havoc on breakfast, with egg prices at supermarket soaring a whopping 47% in July over in 2015, according to retail analytics firm Info Resources Inc.
47 percent!
That is nuts.
Of course the bird influenza pandemic that has actually eliminated tens of countless our chickens is the primary factor for that price spike.
As I detailed a couple of days ago, a variety of significant issues have integrated to create a “perfect storm” for worldwide food production. The war in Ukraine, skyrocketing fertilizer prices and extremely unusual weather patterns are simply some of the reasons worldwide food supplies are getting tighter and tighter.
So the fact is that food inflation is not going away whenever soon.
In fact, I expect worldwide food costs to be considerably greater in 2023 due to the fact that food production all over the world will be way below expectations in the months ahead.
We might manage increasing rates if our paychecks were increasing simply as fast.
Needless to say, that isn’t taking place. As Absolutely no Hedge has mentioned, genuine average weekly profits are “now down 16 straight months as inflation gnaws at any wage gains”.
So even the extremely manipulated numbers that the government is giving us show that our standard of living has actually been falling for 16 months in a row.
Oops.
In the months ahead, I expect this trend to accelerate. It is being predicted that heating expenses are going to considerably speed up all over the western world, which is definitely not going to assist matters.
This will be especially true over in Europe. Becoming so depending on Russian natural gas was a very foolish thing to do, and now the war in Ukraine has altered everything.
For example, over in the UK it is being projected that ridiculously high heating bills will push a considerable percentage of the population into financial challenge this winter. The following comes from CNN…
Nearly one third of families in the United Kingdom will deal with hardship this winter after paying energy bills that are set to skyrocket once again in January, campaigners state.
About 10.5 million households will be in fuel poverty for the very first 3 months of next year, according to estimates from completion Fuel Poverty Coalition (EFPC) released on Tuesday– implying that their income after spending for energy will fall listed below the hardship line.
The UK is supposed to be one of the most affluent nations on the entire world.
However thanks to the war in Ukraine, family energy expenses will skyrocket to definitely extraordinary heights…
The predictions are based upon brand-new price quotes from research company Cornwall Insight, likewise published Tuesday, which reveal that the typical family energy expense is expected to strike ₤ 3,582 ($4,335) a year from October, and ₤ 4,266 ($5,163) from January– corresponding to about ₤ 355 ($430) a month.
If the war in Ukraine is triggering this much discomfort, what will happen to global energy markets when Iran and Israel go to war?
And what will occur when the United States goes to war with China?
I keep attempting to sound the alarm, since it is just a matter of time till those disputes also emerge.
On the other hand, food production all over the world will continue to be ravaged by dry spell, floods, crippling fertilizer expenses and relentless international supply chain problems.
Our leaders told us that inflation would simply be “temporal”, but that turned out to be absolutely false.
Now they are telling us that next year will be much better.
You can believe that if you want.
But today worldwide food production is being hit by significant crisis after significant crisis, and as a result food rates are likely to continue their upward spiral for quite a long time to come.
*** It is lastly here! Michael’s new book entitled “7 Year Apocalypse” is now readily available in paperbackand for the Kindleon Amazon. ***
About the Author: My name is Michael and my brand name brand-new book entitled”7 Year Apocalypse” is now offered on Amazon.com. In addition to my brand-new book I have composed 5 other books that are offered on Amazon.com consisting of”Lost Prophecies Of The Future Of America”,”The Starting Of Completion”,”Get Prepared Now”, and”Living A Life That Really Matters”.( #CommissionsEarned)When you purchase any of these books you help to support the work that I am doing, and one way that you can really assist is by sending out digital copies as gifts through Amazon to friends and family. Time is short, and I need aid getting these cautions into the hands of as lots of individuals as possible. I have published thousands of short articles on The Economic Collapse Blog Site, End Of The American Dream and The Most Important News, and the short articles that I release on those websites are republished on lots of other popular websites all over the globe. I constantly freely and gladly enable others to republish my posts on their own websites, but I likewise ask that they include this “About the Author”area with each article. The material contained in this post is for basic details functions only, and readers must consult certified professionals prior to making any legal, company, monetary or health choices. I motivate youto follow me on social networks on Facebook and Twitter, and any method that you can share these short articles with others is a terrific help. These are such struggling times, and people require hope. John 3:16 tells us about the hope that God has actually offered us through Jesus Christ: “For God so liked the world, that he offered his only begotten Kid, that whosoever believeth in him ought to not perish, however have everlasting life.”If you have not currently done so, I highly advise you to ask Jesus to be your Lord and Savior today.