Prices at LDS canneries show food inflation up 11 to 49 percent

April 07, 2011

source: Examiner

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Price increases on April 4 at the LDS canneries show inflation up between 11 and 49 percent for many basic food staples. These rise in prices are a strong barometer for the overall economy since the LDS facilities are usually the last to raise prices for their communities, which provides food in bulk that they can collect through their vast networking operations.

According to the new price list from April 4, many food staples have increased by more than 20 percent since the last price list came out just three months ago on January 3.

Read the rest of this story at examiner.com

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Tags: Food

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Comments 2 comments

grandman said...

05:51 PM
on Apr 09, 2011

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I am not surprised about food prices going up. Those of us who live on fixed incomes which are low have known for months that the areas the government uses to track inflation and what really shows inflation are worlds apart. The government needs to track food, gasoline, medicines, and health care they would have a true indication of what is going on in the economy.

jon said...

12:13 AM
on Apr 10, 2011

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Rising prices in certain commodities alone is not good evidence of monetary inflation caused by the Fed. Natural shortages and higher demand by a fearful population are just as much or more likely to cause prices to rise. The government data that shows low inflation is probably a better measure because it accounts for a bigger picture.

Prices at LDS canneries show food inflation up 11 to 49 percent

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