{"id":53227,"date":"2020-05-13T08:11:45","date_gmt":"2020-05-13T13:11:45","guid":{"rendered":"https:\/\/olduvai.ca\/?p=53227"},"modified":"2020-05-13T08:11:48","modified_gmt":"2020-05-13T13:11:48","slug":"a-taste-of-what-is-coming-food-prices-just-increased-by-the-most-that-we-have-seen-since-1974","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=53227","title":{"rendered":"A Taste Of What Is Coming \u2013 Food Prices Just Increased By The Most That We Have Seen Since 1974"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><a href=\"http:\/\/theeconomiccollapseblog.com\/archives\/a-taste-of-what-is-coming-food-prices-just-increased-by-the-most-that-we-have-seen-since-1974\">A Taste Of What Is Coming \u2013 Food Prices Just Increased By The Most That We Have Seen Since 1974<\/a><\/h3>\n\n\n\n<p>Get ready to pay much more for groceries.&nbsp; I have been warning that the flood of new money that the Federal Reserve and Congress have been pumping into the system would have very serious consequences, and I have also been warning that food prices would be shooting higher.&nbsp; When things start getting really crazy, demand for food and other basic essentials goes way up, and meanwhile this pandemic has significantly disrupted production of certain products.&nbsp; So even though most of the economy is currently still in a deflationary phase, food prices are beginning to spike.&nbsp; In fact, the U.S. Labor Department says that we just witnessed the largest one month increase&nbsp;<a href=\"https:\/\/www.cnbc.com\/2020\/05\/12\/us-grocery-costs-jump-the-most-in-46-years-led-by-rising-prices-for-meat-and-eggs.html\" target=\"_blank\" rel=\"noreferrer noopener\">since February 1974<\/a>\u2026<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>The Labor Department reported Tuesday that prices U.S. consumers paid for groceries jumped 2.6% in April,&nbsp;<strong>the largest one-month pop since February 1974<\/strong>. The spike in supermarket prices was broad based and impacted items from broccoli and ham to oatmeal and tuna.<\/p><p>The price of the meats, poultry, fish and eggs category rose 4.3%, fruits and vegetables climbed 1.5%, cereals and bakery products advanced 2.9%, and dairy goods gained 1.5%.<\/p><\/blockquote>\n\n\n\n<p>Sadly, this is just the beginning.<\/p>\n\n\n\n<p>Prior to this pandemic, Americans spent&nbsp;<a href=\"https:\/\/lifehacker.com\/how-do-i-figure-out-my-monthly-food-budget-5887545\" target=\"_blank\" rel=\"noreferrer noopener\">about 10 percent<\/a>&nbsp;of their incomes on food.<\/p>\n\n\n\n<p>As this new economic depression deepens, expect that number to eventually more than double.<\/p>\n\n\n\n<p>We live at a time when global food supplies are becoming increasing stressed&nbsp;<a href=\"http:\/\/theeconomiccollapseblog.com\/archives\/the-bible-says-that-there-will-be-famines-in-the-last-days\">for a variety of reasons<\/a>.&nbsp; In wealthy countries this is going to force food prices aggressively higher, and in poor countries this is going to mean that a lot of people simply will not have enough to eat.<\/p>\n\n\n\n<p>\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Taste Of What Is Coming \u2013 Food Prices Just Increased By The Most That We Have Seen Since 1974 Get ready to pay much more for groceries.&nbsp; I have been warning that the flood of new money that the Federal Reserve and Congress have been pumping into the system would have very serious consequences, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[2310,6069,1883,322,426,4901,8645],"class_list":["post-53227","post","type-post","status-publish","format-standard","hentry","category-economics","tag-depression","tag-economic-collapse-blog","tag-economic-depression","tag-food-prices","tag-inflation","tag-michael-snyder","tag-the-u-s-dollar"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/53227","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=53227"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/53227\/revisions"}],"predecessor-version":[{"id":53228,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/53227\/revisions\/53228"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=53227"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=53227"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=53227"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}