Food prices June 2021

farmerjan

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Not saying that they aren't going to make more profits.... BUT.... minimum wage has gone up again.... and that results in the cost of their products having to go up... so rather than raise the price, people are used to paying xx dollars... so they get a little less and don't "feel" it so much... Not that long ago, the size of the chicken pieces at KFC got smaller and the price of the meal stayed the same... the chickens were being killed at a smaller size, so less feed into them, a few days less at the farms, so faster turn over, for the farmers... then there was all the other things like some avian flu and other things...
Look at the Half Gallon of ice cream... got smaller, and has gotten smaller again.... same price...and the farmers are getting less for their milk than they were a few months ago... but the wages of workers keeps going up and the companies have to make more money to pay the stockholders/shareholders something back.... and pay the higher costs... when wages go up, the workers have more money... but the products they buy have to get more expensive to pay the workers producing them.... even electricity and all that goes up...

On that note... gas here went up at one station to 3.55 from 3.25 3 days ago.... the station next to it was still 3.25 so I filled up...

Inflation is higher than they "thought" it would be with the reports out today... so not lowering the prime rate again... we are going to be in some real difficulties very soon....
 
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