Groceries could go up 10-14%

Homesteading & Country Living Forum

Help Support Homesteading & Country Living Forum:

This site may earn a commission from merchant affiliate links, including eBay, Amazon, and others.
A repeat of last year's shipping problems? China shut down a port which will domino other shipping and of course there will be major delays or shortages of products coming. Add into that companies will add the price of shipping to the price of the products plus inflation, its gonna get tight money wise for a lot of people. If you need it or want it better get it now so you have it.
https://www.zerohedge.com/markets/s...rs-repeat-shipping-nightmare-china-locks-down

And here is the core problem with all those endorsing a "transitory" inflation spike captured in a perfect soundbite: just when it seemed as if things were just starting to calm down, “and we’re now into delta delays,” said Emmanouil Xidias, partner at Ifchor North America LLC. "You’re going to have a secondary hit."

And then a tertiary, then quaternary, and so on because after Delta - which has already peaked in the US but you won't hear it in the propaganda rags - we have Lambda, and then a whole lot of other Greek letters, ensuring that the "pandemic" persists at least through the Nov 2022 midterm election which - for obvious reasons - will have to me mail-in, and thus the pandemic will have to last at least until then.

Meanwhile, prices are about to go apeshit
: the shutdown at Ningbo-Zhoushan is raising fears that ports around the world will soon face the same kind of outbreaks and Covid restrictions that slowed the flows of everything from perishable food to electronics last year as the pandemic took hold. Infections are threatening to spread at docks just as the world’s shipping system is already struggling to handle unprecedented demand with economies reopening and manufacturing picking up.

Meanwhile, as Chinese shippers brace for the worst, they are busy daytrading various hyperinflationary indicators such as the Baltic Dry Index which serves as a global benchmark for bulk shipping prices, and which is up more than 10% since a month ago as the delta variant began to spread rapidly. As shown in the chart top, container prices also have soared, with the benchmark cost of shipping a container from Shanghai to Los Angeles up more than 220% over the past year to $10,322 this week. And if the Ningbo port closure escalates, those numbers are about to go exponentially higher.

Considering around 25% of capacity at China’s third-busiest port just closed down again due to Covid-19, which will push global shipping further past its limits just as the US needs to restock for Black Friday and Xmas, the one thing that does not seem likely is a rapid drop-off in supply-side inflation."
 
Some things I saw in today's headlines. Just TODAY.

People are stockpiling toilet paper and bottled water again (meaning stores are beginning to impose limits again).

Nabisco workers are going on strike (make sure you have enough of your cookies and crackers!)

Some gas stations are having trouble getting fuel.

Restaurants are continuing to experience shortages on many items - including chicken.

Christmas shopping may be impacted due to broken supply chain. (better get that toy your kid must have while you can).

Here's an article with a list.
https://www.wbaltv.com/article/supp...ist-of-things-that-are-hard-to-find/37187402#
 
Went to town and shelves are bare on certain items. Vegetable oil and Crisco were a nope. Sugar was almost gone, Ramen noodles, none for you.

80/20 burger was 6.19 a pound. And take a look at what ONE slab of babyback ribs are. As of last Jan/Feb I could still get them for around 8 bucks. Not no mo.

ribs.jpg


Some gas stations are having trouble getting fuel.


Yep, we have had a few here dry up and had to turn off the pumps, one I know just got a delivery today
 
Went to town and shelves are bare on certain items. Vegetable oil and Crisco were a nope. Sugar was almost gone, Ramen noodles, none for you.

80/20 burger was 6.19 a pound. And take a look at what ONE slab of babyback ribs are. As of last Jan/Feb I could still get them for around 8 bucks. Not no mo.

View attachment 71107




Yep, we have had a few here dry up and had to turn off the pumps, one I know just got a delivery today
Just food for thought (ha, unintended pun): The more processed things might be more difficult to get. Veg. oils/crisco & top ramen are things I haven't purchased in a decade so don't even know if they are still in good supply here or the price. Those items are not natural and require extensive processing. Is lard still available where you are? or even butter? I'm curious as much as anything. I have the fat from our pork that I still need to render so it's out of the freezer. I noticed corn is now 3 for $1 so will be getting some to can this weekend. That's what I've paid the last few years anyways.
 
Is lard still available where you are? or even butter? I'm curious as much as anything.

We use very little V oil or Crisco, but like to have it on hand. I like EVOO, I did manage to buy 2 quarts today for 8 bucks a quart, good stuff too.

Lard is available sometimes, real butter is plentiful, right now anyway.
 
At this point I think that the price of food will not be as worrisome as trying to find it.
We're ushering in the new era of prosperity! :thumbs:.
Everybody will have plenty of money, because there is nothing to spend it on.:woo hoo:
 
I'm starting to think I don't have until the 1st of September to finish off my list. Maybe I need to hit it hard this next couple of days to get the most important things by the weekend. All this business with the schools is agitating an already tense situation along with the nonstop media propaganda.
 
Another article about rising food prices. Most interesting part was by a fella saying it will go on for 2 years. There are some embeded links in it too.
https://www.dcclothesline.com/2021/...no-end-in-sight-for-skyrocketing-food-prices/
Groceries have been on an upward trend all year, and these steady price increases may be the new reality. “We’re going to continue to see price increases, probably for the next two years or so,” said Phil Lempert, an analyst and food trends expert known as the Supermarket Guru. According to Forbes, food prices rose again last month by 0.7%, according to the latest consumer price index, released yesterday. That may not sound like a lot, but it adds up. Over the past year, prices for groceries and other food prepared at home increased 2.6%.

And it is a lot considering what that static takes into account. In May 2021, food prices were 39.7% higher than they were in May 2020, says the Food and Agriculture Organization. That is if they can even find the same foods. Shortages are becoming noticeable as well and that is also expected to worsen throughout the year. Did anyone get a 39.7% raise this year?
 
Just my opinion , but I am expecting inflation to be much higher than what some with the microphone are claiming . Personally I believe they are either living in denial of the coming inflation or trying to keep citizens calm as they herd them into Socialism and a resulting Venezuela style collapse . Either way the results will be the same . No doubt though they will try to blame the collapse either on Covid or Donald Trump .
 

Latest posts

Back
Top