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Posted: 4/28/2021 2:35:34 PM EDT
One of the things I do is buy bulk chicken and repackage it for retail sale.  If you are noticing fresh poultry prices increase in the store, this may answer why.  Our costs for poultry are increasing, as well as our costs for packaging supplies.

Below are my costs over the last few months for fresh boneless skinless chicken breast.  This is staple for low cost fresh meat in our area in the North East section of the US.

5/5/2021       $ 2.249 / lb

4/28/2021     $ 2.049 / lb

4/21/2021     $ 1.889 / lb

4/16/2021     $ 1.789 / lb

4/9/2021       $ 1.689 / lb

3/31/2021     $ 1.629 / lb

3/24/2021     $ 1.529 / lb

3/17/2021     $ 1.479 / lb

3/3/2021       $ 1.469 / lb

2/19/2021     $ 1.419 / lb

2/10/2021     $ 1.319 / lb

2/3/2021      $ 1.329 / lb

1/27/2021    $ 1.419 / lb

1/20/2021    $ 1.259 / lb

1/13/2021   $ 1.059 / lb

We are accustomed to seeing prices trending up and down, due to demand, supply, time of the year, etc...  Inflation may not be the only reason for the price increases, but it is unrealistic to say it has nothing to do with it.

Other food prices are following, however most of them not at this speed.  Food is still inexpensive in comparison to historical costs as a percentage of income, now may well be better than later to fill the pantry.
Link Posted: 4/28/2021 2:40:40 PM EDT
[#1]
So it's essentially doubled in 4 months....yeah...no inflation here...

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Link Posted: 4/28/2021 2:46:59 PM EDT
[#2]
Appreciate the post OP since food is a mandatory expense and we all pay it. Your post is a good reminder.

Personally, I view food as an expected expense.  An expense I will have to pay more for in the coming months and years. To help reduce that expense, we periodically renew our Sams Club membership and buy lots in bulk and then repackage and toss in the deep freeze. But, even if I filled my freezer to the top, it might last my wife and I 6months to a year at best. Eventually, we’ll have to buy more.

So we just budget for the food price increases. Sucks but just the way it is. Gardening might save a little money but really probably not all that much. Raising your own meat will DEFINITELY save some money. A good way to save is to shop sales and discount grocery stores. Some people like coupons and my wife uses some although I never really got into it.

I do use rebate programs for non food consumables when offered. I used the Rotella rebate for oil and have gotten around $120 so far this year. I just submitted my rebate request for $30 from Mobil for some oil I purchased.

Link Posted: 4/28/2021 2:52:42 PM EDT
[#3]
Government stats. don't figure food, fuel, and housing.  You know, all the stuff you don't really need to buy.
Link Posted: 4/28/2021 3:03:46 PM EDT
[#4]
The government (ruled by the rich) don't care.  Increases in prices don't have a significant effect on them.  The lower and middle class on the other hand....well, you know the answer to that.
Link Posted: 4/28/2021 4:08:33 PM EDT
[#5]
Chicken will increase as beef and dairy are phased out of our diets - as per the green new deal.
Link Posted: 4/28/2021 9:13:10 PM EDT
[#6]
Communists always use food as a weapon. And the dollar (like every other fiat and international reserve currency in history) is living on borrowed time.

Plan and respond accordingly. This has all happened before. And it will all happen again.



Link Posted: 5/1/2021 2:07:01 AM EDT
[#7]
You can trust the government I'm Cherokee I know.

The formula they used to calculate inflation is jacked.

Yes fuel and food cost have increased, but big screen TV prices have decreased so no inflation.

Inflation is coming and it's coming hard.
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