Steadfast FinancesChartology: Visualizing Food Inflation

Chartology: Visualizing Food Inflation

Filed in Infographics & Chartology , Personal Finance 2 comments

Unless you have fallen victim to the silent taxation effect of the dastardly grocery store shrink ray (e.g. less food in the container), you would know that food inflation is here in a major way.

In 2010 alone, I’ve seen my dollars, or at least it appears as such, that my November 2010 dollars buy less grub than several of the last years cumulatively combined.

If you’re wondering what’s going on, the answer is pretty simple: commodity prices have soared in the presence of a weakening U.S. Dollar (e.g. quantitative easing).

Take a look for yourself…

It’s for this reason alone that I started my own 2000 square feet recession garden to fight food inflation and grew so much food that I gave between 25% to 33% away to friends and family.

Raising a garden certainly isn’t for everyone, whether it be by personal choice or a lack of options, but present market conditions are definitely demanding that most people make dealing with food inflation a necessary evil. Otherwise, they’re almost certainly going to be cursing Randolph & Mortimer Duke in the check out aisle for cornering the breakfast food market.

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Posted by CJ   @   5 November 2010 2 comments
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2 Comments

Comments
Mar 13, 2011
12:35 am

As a Whole Foods shopper, it seems hard for me to downsize my food spending in order to save money. Happily, my solution is to make homemade soup my dinner meal with all the freshest reasonably priced ingredients that I can find – while trimming down my waistline. Hopefully, by the time I receive Medicare (if it exists in its present form nine years from now), I will be much healthier, saving the taxpayers the precious dollars that would have been spent on my expensive medical care. Who would have thought that there could be an upside to rising food costs?

Mar 13, 2011
9:15 pm
#2 Matt SF :

Interesting way to think about it John. I’d wager you’re in the minority on that, but I certainly applaud your optimism.

If you have the ability, a small backyard raised garden bed or a small container garden might be just the thing. Just a few tomato plants and lettuce beds could save you a few hundred bucks by the end of summer. It’s a little bit of work, but it beats paying > $3/pound for tomatoes.

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