Categories

Economy & Politics

Tools

  • Economy & Politics
  • Investing
  • Personal Finance
  • Related Posts


    Deutsche Bank’s Most Cynical Take On Draghi’s QE Yet: Buy European Stocks Even Though QE Will ‘Prevent Improvements’
    The Saudi Succession: Its Impact On Oil, Markets And Politics
    More Isolation? Russia, China To Build $240 Billion High-Speed Rail Link
    How China Deals With Deflation: A 60% Pay Raise For 39 Million Public Workers
    Evaporating Inflation And Growth Put Pressure On Central Banks
    Fed’s Solo Act Gets Tougher With ECB, Others In Stimulus Mode
    Democracy Is Good For Business
    Israeli Mossad Goes Rogue, Warns U.S. On Iran Sanctions
    Republican Chutzpah Won’t Kill Obamacare
    Mario Draghi Prepared Remarks Word Count: Inflation – 15; Deflation – 0
    Jobless Claims Over 300k For 3rd Week, Spike In Shale States
    Police Across America Are Using Radars To See Inside People’s Homes
    Why Republicans Should Embrace A 28% Tax On Capital Gains
    Deflation In 2015? These Four Charts Say Yes
    Japan Is Trying To Convince ISIL That Its Hostage Death Threats Are Misinformed


    Food Inflation Is On The Way

    Sometimes, it is easy to drown out the constant talk about the economy from politicians, economists and pundits. That’s especially so if, despite having to deal with some hardship, you’re one of the lucky Americans still living in relative economic comfort. But a disturbing economic factor expected to emerge in 2013 is going to have a noticeable impact on every American: Food prices are going up.

    Because of harsh weather conditions in 2012 and a multitude of other economic variables, Americans are going to notice considerably higher prices on everything from animal products to baked goods in coming months, according to a report from the U.S. Department of Agriculture’s Economic Research Service.

    Despite severe drought throughout the Midwest last year, supermarket prices on most food items remained flat throughout 2012. According to the USDA report, the food-at-home Consumer Price Index increased by only about 0.5 percent from January to December. But because of the time it takes commodity price changes to affect retail prices, consumers are going to bear the brunt of the drought effects in 2013.

    The USDA calculates that the CPI on all foods will increase by about 3 to 4 percent in 2013, well above the historical average for food inflation. The highest price hikes in the early part of the year will affect animal-based foodstuffs.

    Here are a few tips that could help you offset the coming food inflation and improve your health in the process:

    Buy local and seasonal food items.

    In most areas, a viable alternative to the supermarket is the farmer’s market. By supporting local produce growers and buying fruits and vegetable that are in season, you can not only make healthier food choices but also save money buying foods whose prices aren’t affected by added shipping costs.

    With a little effort, you may also find a local butcher shop or meat processor in your community. Commonly, meat is sold at lower prices at these outlets and sometimes is of higher quality than meat products sold at mega supermarket chains.

    Grow your own.

    Even if you don’t have a green thumb, learning to maintain a vegetable garden can be a rewarding and relaxing experience. Check with your local nursery to find out which items grow best during different seasons in your area.

    Forget about processed foods.

    A bane of health in modern society, processed foods are unnecessary, and they are killing you. You can save big money and enjoy a healthier and better tasting diet by replacing store-bought with handmade. And though the art of baking bread and making pasta may be lost for many people, the Internet can offer age-old recipes to replace just about any processed foodstuff. If time is an issue, enjoy a diet of fresh fruit, vegetables and meat on the days when a cooking adventure is not an option.

    Discuss this Story:

    Comment Policy: We encourage open discussion. Comments including racist statements, profanity, name calling or spam will be removed at our discretion. We use filters for spam protection. If your comment does not appear it is likely because it violates the policy.

    U.S. Jobless Claims Fall From Seven-month High
    ECB To Decide On Bond-buying Plan After Holding Rates
    At Least Six U.S. States Expect To Miss Revenue Targets
    Pentagon Still Cold To Big Defense Mergers
    Canada Surprise Rate Cut Keeps Housing Party Going
    Infrastructure: The State Of The Union’s Other Winner?
    Obama’s Pro-business Agenda Is What Will Actually Pass
    Yemen’s Houthis Are A Reminder Of Iran’s Sectarian Agenda In The Arab World
    Long Lines For Milk And Tampons Are Sinking Venezuela’s Government
    Yemen’s Rebels Hold US-Backed President ‘Captive’ In His House. Seize Country’s Largest Ballistic Missile Base
    People All Over The World Blame Bad Government Policy For Runaway Inequality
    Why 50 Percent Of ‘Exceptional’ America Gets Checks From Uncle Sam
    Saxo Bank Warns ‘This Is The Endgame For Central Banks’
    Big Central Bank Meetings Present An Opportunity To Profit
    Congress Set For Net Neutrality Battle
    States With The Highest (and Lowest) Gas Taxes
    Richest 1% Will Control Most Wealth By 2016
    Central Bankers Lurch From ‘Whatever It Takes’ To ‘Whatever Next’
    Supreme Court Rejects Challenge To Debit Card ‘Swipe Fees’ Rules
    Good News In China’s Bad GDP Numbers
    Argentina, Iran And The Mysterious Death Of A Prosecutor
    “Short-Term Greedy & Long-Term Poorer”
    Spot The Trend: The Richest 1 Percent Are About To Own Over Half Of Global Wealth
    Americans Are ‘Different’ From The Rest Of The World
    How The ECB’s QE Is About To Send The Most Deflationary Signal Ever
    Five Reasons To Pay Attention To Obama’s Lame-duck State Of The Union Tonight
    Does Chinese President Xi Jinping Really Earn Just $22,000 A Year?
    D.C.’s New Bosses Start To Pay Back Wall Street
    IMF Cuts Global Growth Outlook, Calls For Accommodative Policy
    China’s 2014 Economic Growth Misses Target, Hits 24-year Low
    Read more from Economy & Politics...

    Liberty Investor Digest

    Get today's most important
    financial headlines all in
    one place by email!



    Sources


    close[X]

    Sign Up For Liberty Investor Digest™!

    Get Liberty Investor Digest FREE By Email!

    Input your name and email address in the fields below and get today's most important financial headlines sent straight to you inbox!

    Privacy PolicyYou can opt-out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.