Let 'em eat powdered cellulose...
Prices for key foods are rising sharply
"Meeting with economic writers last week, President Bush dismissed
several polls that show Americans are down on the economy. He expressed
surprise that inflation is one of the stated concerns.
“They cite inflation?” Bush asked, adding that, “I happen to believe the war
has clouded a lot of people's sense of optimism.”
But the inflation numbers reveal the extent to which lower- and
middle-income Americans are being pinched.
The Bureau of Labor Statistics said in its June inflation report that egg
prices are 19.5 percent higher than they were in June 2006. Over the same
period, according to the department’s consumer price index, whole milk was
up 13.3 percent; fresh chicken 10 percent; navel oranges 19.8 percent;
apples 11.7 percent. Dried beans were up 11.5 percent, and white bread just
missed double-digit growth, rising by 9.6 percent.
These numbers get lost in the broader inflation rate for all goods and
services, which measured 2.7 for the same 12-month period. Across the
economy, rising food prices were offset by falling prices for things bought
at the mall: computers, cameras, clothing and shoes."
Anyone got a recipe for boiled shoe soup?