Saturday, January 29, 2022

Dep't of Agriculture: What "Food Inflation"?

This would embarrass even Baghdad Bob.

...In their update to the USDA pricing forecast and analysis dated January 25, 2022, the USDA claims: “2021 retail food price inflation continued at same pace as 2020 but varied among food categories.” Oh, but it gets even more stupid:

“USDA, Economic Research Service (ERS) researchers project that prices for food-at-home, or food purchased typically from grocery stores or other food stores, will increase between 1.5 and 2.5 percent in 2022, lower than the 3.5-percent increase that occurred in both 2020 and 2021. Forecasts for all food categories for 2022 are available in ERS’s monthly Food Price Outlook data product, updated January 25, 2022.” (link)...

(Quoted at Last Refuge.)

"Varied among food categories"

Want that in Real World?

"If you ate anything, you paid LOTS more than a 3.5% pop in prices. For those who ate nothing, spending on food was minimal."

What did you expect from a Government that tells you boys are girls and girls are boys?

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