Food Prices Surge in Biggest Jump Since 1974, Brought to You by Your Elected Officials Manipulating the Future Through the Coronavirus

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Your elected officials have a God complex, if they cared about you they would not be trying to Manipulate your future, fire them…

Food prices across the United States have skyrocketed due to the effects of the CCP virus as consumer stockpiling, panic buying, and supply chain difficulties combined to produce the “largest monthly increase since February 1974,” according to a report from the U.S. Bureau of Labor Statistics (BLS).

The Director of Food Policy at the Consumer Federation of America, Thomas Gremillion, told The Epoch Times that according to recent studies, more Americans than ever before are now forced to rely on food banks to feed their families. “This price rise will particularly affect low-income Americans, who were already struggling to put food on the table,” said Gremillion.

His sentiments were echoed by the Food Safety and Nutrition Fellow at the National Consumers League, Nailah John. “The most affected are the impoverished and the 22 million unemployed Americans due to Covid-19,” she told The Epoch Times. “In addition, rising food prices make it difficult for households with little or no income to provide for themselves and their families.”

Meat, Fish, and Eggs Rise Most

According to figures from the BLS, the food index increased by 1.5 percent in April, which followed a 0.3 percent rise in March. However, the grocery-based ‘food at home’ index increased by a substantial 2.6 percent, with each of the six major supermarket groups recording increases of at least 1.5 percent for April.

The price increases were not uniform, however, with massive increases for specific foodstuffs. According to the BLS, “The index for meats, poultry, fish, and eggs increased the most, rising 4.3 percent as the index for eggs increased 16.1 percent. The index for cereals and bakery products rose 2.9 percent in April, its largest monthly increase ever.” Indexes for both dairy products and fruit and vegetables also increased by a considerable 1.5 percent.

The price index for nonalcoholic beverages increased by 2.9 percent for April—which the BLS confirmed was its fourth consecutive increase. Prices for ‘food away from home’ increased by a more modest 0.1 percent, which followed an increase of 0.2 percent in March. BLS-Labor Statistics✔@BLS_gov

Food at home prices up, gasoline and airfare prices down, over the year ended April 2020 https://go.usa.gov/xvMh6  #BLSdata

12-month percentage change, Consumer Price Index, selected categories

2Twitter Ads info and privacySee BLS-Labor Statistics’s other Tweets

Food Prices Could Remain Unstable

John believes that food prices are likely to increase further. “This trend of increase in prices will continue due to the many new and rapidly changing factors during Covid-19, which can influence meat, poultry, eggs, dairy prices over the rest of the year,” she said. “There is a greater demand for these products in grocery stores with many limiting the amount to two for each customer.” John believes that the worst of the increases may be over, however. “According to the USDA, there is an expected increase of between 0.5 to 1.5 percent for the rest of the year.”

Gremillion believes that food price stability going forward will depend on a number of factors. The most important of these, he told The Epoch Times, is “Whether large food processors can adapt their facilities and personnel practices to protect their workers from infection, which has led to the closure of plants across the country over the past two months.” Gremillion also believes that food companies have to be more flexible in adjusting their operations away from restaurants and foodservice operators and to redirect more food to grocery stores. Sec. Sonny Perdue✔@SecretarySonny

I want to thank the patriotic and heroic meatpacking facility workers who are returning to work this week so the millions of Americans who depend on them for food security can continue to do so: https://www.usda.gov/media/press-releases/2020/05/08/americas-meatpacking-facilities-practicing-safe-reopening-ensure …America’s Meatpacking Facilities Practicing Safe Reopening to Ensure a Stable Food Supply(Washington, D.C., May 8, 2020) – U.S. Secretary of Agriculture Sonny Perdue today applauded the safe reopening of critical infrastructure meatpacking facilities across the United States.usda.gov164Twitter Ads info and privacy106 people are talking about this

Gremillion said that exports have also impacted food prices in the United States, as some foreign customers had placed additional orders during the CCP virus crisis. “As meat and poultry processing capacity has declined,” he said, “exports of these products to China and other countries has soared. That has led at least one large processor to pledge to sell more of its product to domestic buyers.”

Reasons Behind Food Price Surge

Both John and Gremillion believe that while the CCP virus crisis has brought hardship to America’s most vulnerable consumers, and especially low-income groups, it may have inadvertently exposed unanticipated consumption behaviors and weaknesses in our food provision systems that can now be remedied.

“Panic buying and stockpiling resulted in price gouging,” said John, “which impacted consumers and also limited supply in grocery stores, which [in turn] resulted in prices going up.” She also referenced meat and poultry plant closures as a factor in current price increases.

“Unfortunately,” said Gremillion, “this crisis has exposed some critical weaknesses in the food system. Meat and poultry processing, in particular, is far too concentrated.” He espoused the value of a resilient food-provision system in the United States, and said the path to this goal “should begin with rigorous anti-trust enforcement.”

CPI Falls Overall as Food Rises

Overall, the Consumer Price Index (CPI) for urban consumers fell by 0.8 percent in April—” the largest monthly decline since December 2008,” according to the BLS, a phenomenon closely linked to energy, transport, and retail restrictions in April.

“A 20.6 percent decline in the gasoline index was the largest contributor to the monthly decrease in the seasonally adjusted all items index, but the indexes for apparel, motor vehicle insurance, airline fares, and lodging away from home all fell sharply as well,” according to the statement from the BLS. “The energy index declined mostly due to the decrease in the gasoline index, though some energy component indexes rose.”

“The index for all items less food and energy fell 0.4 percent in April, the largest monthly decline in the history of the series, which dates to 1957. Along with the indexes mentioned above, the indexes for used cars and trucks and recreation also declined. The indexes for rent, owners’ equivalent rent, medical care, and household furnishings and operations all increased in April,” according to the BLS.

Get ready to pay much more for groceries.  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.  When things start getting really crazy, demand for food and other basic essentials goes way up, and meanwhile, this pandemic has significantly disrupted the production of certain products.  So even though most of the economy is currently still in a deflationary phase, food prices are beginning to spike.  In fact, the U.S. Labor Department says that we just witnessed the largest one month increase since February 1974

The Labor Department reported Tuesday that prices U.S. consumers paid for groceries jumped 2.6% in April, the largest one-month pop since February 1974. The spike in supermarket prices was broad-based and impacted items from broccoli and ham to oatmeal and tuna.

The price of the meats, poultry, fish, and egg category rose 4.3%, fruits and vegetables climbed 1.5%, cereals and bakery products advanced 2.9%, and dairy goods gained 1.5%.

Sadly, this is just the beginning.

Prior to this pandemic, Americans spent about 10 percent of their incomes on food.

As this new economic depression deepens, expect that number to eventually more than double.

We live at a time when global food supplies are becoming increasingly stressed for a variety of reasons.  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.

Already, we are seeing some crazy prices for certain items here in the United States.  King Arthur Flour is very popular these days, and because supplies have become so tight a single bag is now selling for more than 26 dollars on eBay…

Five-pound bags of King Arthur Flour have been so hard to score that they were selling this week on eBay for $26.49, five times the store price.

If you planned on stocking up on flour, hopefully you did it ahead of time.

Many out there are suggesting that the best thing that we can do during an economic environment such as this is to keep showering the American people with more government checks.

In fact, Democrats in Congress have just introduced a new bill that would borrow and spend an additional three trillion dollars that we don’t currently have

State and local governments would share nearly $1 trillion in federal aid to cover their coronavirus-related costs and families would get another round of direct payments under a stimulus bill House Democrats unveiled Tuesday.

The more than $3 trillion Health and Economic Recovery Omnibus Emergency Solutions Act, or HEROES Act, also would expand unemployment assistance, boost food stamps, increase emergency grants to small businesses trying to weather the COVID-19 pandemic that has slammed the economy and upended daily life in the U.S.

Without a doubt, millions upon millions of Americans are deeply hurting right now.  Just about everyone has been thrilled to receive the first round of “stimulus checks”, and certainly very few people would complain if another round was sent out.

But if sending everyone a thousand dollars is good, wouldn’t sending everyone a million dollars be even better?

Needless to say, throwing giant piles of money around recklessly is not a good idea, because it destroys the value of our currency.

Venezuela tried that, and at this point almost everyone in the country is a millionaire

What if I told you that in the socialist paradise of Venezuela, everyone’s a millionaire?

The Bolivarian Revolution has raised the minimum wage over 50 times throughout the past 20 years. As of May 2020, it’s been set at 400,000 bolivars, plus a 400,000 socialist food ticket bonus, bringing it to an astounding total of 800,000 bolivars per month.

But even though there are so many “millionaires” running around, almost everyone in Venezuela is living in deep poverty because the money has become virtually worthless.

Do we really want to become just like Venezuela?

Because that is the path that we are currently on.

Every time a new dollar is created, every existing dollar that you currently hold declines in value.

And every time a new dollar is created, the value of your paycheck goes down if your employer doesn’t give you a raise to match the increase in the money supply.

But the mainstream media continues to be enamored by the Federal Reserve’s ability to “solve our problems” by creating trillions of dollars out of thin air.  Just consider the following quote from a recent USA Today article

It works like magic. With a few strokes on a computer, the Federal Reserve can create dollars out of nothing, virtually “printing” money and injecting it into the commercial banking system, much like an electronic deposit. By the end of the year, the Fed is projected to have purchased $3.5 trillion in government securities with these newly created dollars, one of many tools it is using to help prop up the ailing economy during the COVID-19 pandemic, according to Oxford Economics.

You can probably imagine how I responded when I first read that.

They make it sound like some sort of Disney production, but in reality what the Federal Reserve is doing is slowly but surely turning us into the Wiemar Republic.

Unfortunately, the mainstream media will continue to cheer the Fed on as they steadily kill the U.S. dollar, but none of us will be cheering when a loaf of bread costs 5 dollars and a gallon of milk costs 10 dollars.

A torrent of newly created money is not going to fix our economy.  What we really need is for the American people to be allowed to go back to work, but quite a few states are indicating that some restrictions may not be lifted until August or later.

And even if all of the restrictions were lifted immediately, fear of COVID-19 is going to keep many Americans from resuming normal activities for the foreseeable future

Most Americans say they would be uncomfortable returning to their regular routines today, even as they are increasingly leaving their homes to visit others, according to a new CNN Poll conducted by SSRS.

The 58% who say they are not comfortable returning to their routines today is similar to the 60% who said last month that they would be uncomfortable doing so if guidelines on social distancing expired on April 30. On the other side, 41% say they would be comfortable resuming their regular routines now.

What all of this means is that we are going to be dealing with an economic depression for a long time to come, and every new crisis that erupts during this period of time is just going to intensify our problems.

For a long time, I warned that an economic collapse was coming, but I don’t have to do that anymore because the economic collapse is here.

Now the value of our currency is being absolutely destroyed by our authorities as they respond to this economic collapse, and that is going to have very serious implications for our future. Source: themostimportantnews.com

The World Is In Big Trouble, for Those That Believe We Will Go Back to Some Sense of Normal Life Here on Earth, You Will Be Sadly Disappointed, Seven and Half Years of Hell on Earth Which Began January 1, 2020

“Our courts oppose the righteous, and justice is nowhere to be found. Truth stumbles in the streets, and honesty has been outlawed” (Isa. 59:14, NLT)…We Turned Our Backs On GOD, Now We Have Been Left To Our Own Devices, Enjoy…

While Mainstream Media Continues to Push a False Narrative, Big Tech Has to Keep the Truth From Coming out by Shadow Banning Conservatives, Christians, and Like-Minded People, Those Death Attributed to the Coronavirus Is a Result of Those Mentioned, They Truly Are Evil…

Source: HNewsWire theepochtimes.com

StevieRay Hansen
Editor, HNewsWire.com

Do You Have a News Story, Contact US @ HNewsWire@protonmail.com


Watchmen does not confuse truth with consensus The Watchmen does not confuse God’s word with the word of those in power…

In police-state fashion, Big Tech took the list of accused (including this site), declared all those named guilty and promptly shadow-banned, de-platformed or de-monetized us all without coming clean about how they engineered the crushing of dissent, Now more than ever big Tech has exposed there hand engaging in devious underhanded tactics to make the sinister look saintly, one of Satan’s greatest weapons happens to be deceit…

The accumulating death toll from Covid-19 can be seen minute-by-minute on cable news channels. But there’s another death toll few seem to care much about: the number of poverty-related deaths being set in motion by deliberately plunging millions of Americans into poverty and despair.

American health care, as we call it today, and for all its high-tech miracles, has evolved into one of the most atrocious rackets the world has ever seen. By racket, I mean an enterprise organized explicitly to make money dishonestly.

All the official reassurances won’t be worth a bucket of warm spit. The Globals are behind the CoronaVirus, It Is a Man-Made Bioweapon.

PayPal.Me/the127faithfoundatio

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The number of Orphans aging out of Child Protective Custody has grown at an alarming rate. The 127 Faith Foundation receives many requests each week to house them at our ranch. Our prayer is that the good people of our country will step up to the challenge and offer financial support for "the least among us." We need your help! StevieRay Hansen, Founder, The 127 Faith Foundation

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