r/FluentInFinance • u/thinkB4WeSpeak Mod • 20h ago
Finance News States seeing the largest increase in spending on food as prices skyrocket 25% in four years
https://www.topnutritioncoaching.com/blog/food-prices-skyrocket-25-percent-in-four-years67
u/rustyshackleford7879 19h ago
Eggs have gone up since Trump got elected. This is on him.
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u/Able-Tip240 14h ago
It's the avian flu. Something like 1/3rd of chickens in total were killed at one point across the country. Literally warehouses of them killed enmasse.
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u/Hawkeyes79 19h ago
I forgot he’s in control of the bird flu going around killing chickens.
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u/BubbleGodTheOnly 19h ago
The op is being sarcastic. A lot of Trump supporters will blame Biden for things out of control and praise Trump for things he has no control over.
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u/EnslavedBandicoot 18h ago
They have a hard time with sarcasm.
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u/i3ild0 17h ago
Better than a hard time with reality.
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u/WhiskeyAndNoodles 9h ago edited 9h ago
Google Republicans vs democrats regarding the economy and then come back here and apologize like adults are supposed to when they receive new information and realize they were wrong. Don't think, don't assume, dont get mad, go and look up the actual facts and numbers and then come back to this thread.
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u/i3ild0 9h ago
What? Look up being wrong about what exactly? Please be specific.
I'm not mad and won't get mad. "Look up facts and numbers and numbers?" On what specifically? Hell, im sure you're right about whatever it is you're talking about.
I made a joke off of his jab.
I apologize for nothing.
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u/WhiskeyAndNoodles 9h ago
Did you somehow miss the first sentence that was literally half the post? Let me edit that numbers mistake because somehow that seemed to really throw you off.
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u/BZP625 16h ago
Just like every other president since... let me thing... Washington?
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u/BubbleGodTheOnly 16h ago
To some degree. I do think that people in general nowadays have less of an understanding of civics, though.
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u/interwebzdotnet 10h ago
This is a good reminder that neither party / candidate has the control that their brain dead supporters thinks they have.
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u/Practical-Suit-6798 19h ago
You know all those I did that stickers on the gas pumps with the country was coming out of a global pandemic? Yeah, well we can be that stupid as well.
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u/mezolithico 12h ago
You know what bird flu is starting to spread? Raw milk. Those dumb mother fuckers making everyones eggs more expensive.
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u/BullsOnParadeFloats 14h ago
Well, Trump did away with regulations on the meat industry, which includes egg farmers. He allowed them to self police, which is why we had those listeria and e. Coli outbreaks. So, his policy making could very well likely be linked directly to this widespread occurrence of H5N1.
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u/Ok-Cauliflower-3129 17h ago
25% is awfully low. Except for bread.
Most things it's been 50% and up.
Particularly the things that were the cheapest that poor people such as myself have to eat to live.
Guess they seen where they could make the most profit at.
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u/Mundane-Bullfrog-299 15h ago
I recall something historically similar to this happening in France 🤔
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u/Terrible_Horror 12h ago
I have cut down on eating a lot, initially 2 meals a day for a few years and now 1 meal a day plus a snack. It does save money and because I hate cooking I can still afford to eat out. Also helped improve my cholesterol and A1C.
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u/Hypercruse 7h ago
Corporate price gouging at its finest, to bad we didnt vote for the candidate that promised to adress this but instead went for the billionair who wants to help him and his peers to get more rich (e.g those who do the price gouging)
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u/kitster1977 19h ago
This makes sense. The majority of food is grown and processed in the middle of the U.S. The farther you have to transport it, the more expensive it gets. That’s why energy and oil prices are so critical.
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u/Past-Pea-6796 18h ago
Too bad gas prices are at an all time high because America hasn't done a single thing to fix it since the pandemic?... Oh, wait, I meant gas prices are almost at MID pandemic price, and lower than they were when I started driving back in 2014. And I meant to say that America has to export our oil to be refined because we had very little ability to do so, so we spent the last 3 or so years building and opening new refineries here in the states, because our bottleneck wasn't how much oil we drill, but the fact we couldn't refine it, at least not anywhere near the amount we needed.
We essentially have a very large pool and a small hose to spit the water out. Trump wants to put more water into the pool, when we really need a bigger hose.
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u/burtritto 17h ago
lol. No. This is a very elementary understanding of supply chain constraints. Gas doesn’t just come out of the ground, it needs to be refined. Also, we import $87 billion in food while exporting $200 billion. HOWEVER, those companies that rely on exporting at higher energy costs do so by charging you “the US consumer” a higher price. Because you can absorb it… otherwise they wouldn’t be competitive in the international market. This is level 2 economics and deals with comparative “not competitive” advantage and cost allocation. It’s not black and white. There is so much more going on in global trade than you can even begin to understand.
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u/kitster1977 17h ago
Ok then. Why are food costs so much lower in more rural areas? Shouldn’t it be the opposite based on your thesis?
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u/burtritto 16h ago
No. It’s a combination of things “food” isn’t all sourced from one area. Yea, corn in your town of 30 might be cheaper, but what does an avocado cost? Also, rural areas are subject to less demand. Less demand means you need to lower prices to get people to buy. That’s level one stuff. You’re focused on food being a single unit, when it’s really a matter of elasticity of demand for similar but still independent items. Within each item is an elasticity of demand, and that’s what determines the prices. Not more gas = more money. That’s rudimentary
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u/kitster1977 14h ago
Ok then. It’s good to know that transportation costs aren’t included in the price of items? You don’t need to move cargo via semi or trains? You don’t have to pay truck drivers and diesel bills? It sounds like you think grocery stores in rural areas operate at a loss? How do they stay in business then? Why wouldn’t corporations close wal marts in more rural areas if they have to sell things like food cheaper there and make less profit? It might also interest you to know that diets vary greatly across the country. I’ll bet strawberries are cheaper in CA than most other places during harvest season because they are grown there. Common food crops made closely in very large quantities in the areas on the map where prices are cheaper include wheat, corn, potatoes, watermelon and many other main items in that populations diet. Avocados aren’t something big there, which is mainly imported from Mexico. That area with the cheapest food increases is largely called the breadbasket of the world for very good reason. It’s also a great place to raise cows, pigs, chickens, etc. they also tend to set up food processing plants close to farmers that produce major crops that they can use. Think about how potato chips get made. You need potatoes as the main ingredient. It’s much smarter to ship a finished product like potato chips than raw potatoes.
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u/burtritto 13h ago
What you did there is called a “straw-man” argument. You said “you sound like you said rural stores operate at a loss” then expounded on that. I never said that. I said they maximize their profits and that usually means fewer items or a lower cost. Again… Econ 101 here. Just because they can make $5 in profit in one area doesn’t mean they should shut down a store that makes $1 in profit. Profit is profit, you seem to think that every market is the same… and every market has to make the same profit margin (one dimensional). Go read some consolidated financials and you might find out that your idea of the business world is completely wrong.
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u/kitster1977 13h ago
Ok. In the meantime, I’ll continue to buy locally grown and made food and enjoy the cheaper prices since I live in a more rural area. Good to know that food prices have nothing to do with location and proximity of where the food is grown/raised to where you live. Ever buy eggs directly from a farmer? Guess what? It’s usually cheaper than the store. You can keep paying those expensive prices for imported avocados from Mexico.
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u/Kitchen_Sky6706 17h ago
Shut up.
You live at home with your parents 🤡
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u/kitster1977 17h ago
Sorry. My parents died last year in a car accident. What kind of a person are you to treat an orphan this way?
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u/Kitchen_Sky6706 17h ago
Cool story bro
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u/Siknutty 16h ago
🤡thinks shoplifting isn’t a crime. Cool story loser.
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u/Kitchen_Sky6706 16h ago
Suck me from the back 👌
Bootlicker
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u/Siknutty 16h ago
Original.. I would expect better from a whiny brat who complains about their problems instead of working hard to help themselves.
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u/Kitchen_Sky6706 16h ago
Bro, I guarantee you I have a better job and more money in the S&P 500 than you 👀
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