Categories

Economy & Politics

Tools

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


    U.N. Says MH-17 Downing ‘May Be War Crime’; Russia Responds Photos Of Ukraine Shelling Are Fake
    Apocalypse Preview: Chinese River Turns Blood-Red
    The Chinese Vs Japanese Navy Head To Head: An Infographic
    Ukrainian Fighter Jets Were With Malaysian Flight 17 When It Was Shot Down
    China’s Storm: 2016
    Gary Shilling: ‘Q2 GDP Was Closer To 1 Percent Than To 3 Percent. It Could Even Be A Negative Number’
    China Expands Live-Fire Gulf Of Tonkin Drill; Warns Of Massive Flight Disruptions
    America’s Lost Decade: Typical Household Wealth Has Plunged 36 Percent Since 2003
    Can The U.S. Go Bankrupt?
    Audit Reveals Huge Security Gaps In USDA Data Network
    Export Import Bank Subsidizes Russian Companies Under US Sanctions
    Justin Amash Versus The Chamber Of Commerce
    Philly Doctor Lee Silverman Shoots Murderer At ‘Gun-Free’ Hospital
    Russian Involvement In Ukraine Deepens
    Why Have A Bill Of Rights ?


    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.

    China Is Using Its Immense Commercial Fishing Fleet As A Surrogate Navy
    The Diplomatic Battle Between China And Japan Is Taking A Latin American Road Trip
    Here’s What Automakers Have To Gain From Connecting Cars To The Internet
    Here Is How Salaries Of Indian And US CEOs Stack Up, Adjusted For Purchasing Power
    Read This And Take The Rest Of The Day Off
    Don’t Be Fooled By The Fed’s Facade
    Paul Ryan Has Good Questions But Few Answers
    Homebuying Gets A Housecleaning
    Drought Hits China Food Production
    Obama Could Curb Corporate ‘Inversions’ On His Own
    Investors Pin Growth Hopes On U.S. As Ukraine Crisis Casts Shadow On Europe
    Price Of Seats Slashed At Obama’s California Fundraisers
    Welcome Back, Paul Ryan
    Europe Unveils Preliminary Sanctions Against Russia
    Things In The Middle East Are About To Get Much Worse
    Where China Goes To Outsource Its Own Soaring Labor Costs
    You Know It’s The New Normal When…
    America The Divided: Everyone Knows We Have Problems But There Is Very Little Agreement On Solutions
    Food Inflation Watch: California Farmers’ Water Costs Surge 700% After Government Cuts Supply
    The 10 Plagues That Are Hitting America Right Now
    Iraqi Oil In Context: 60% Of OPEC Growth Expectations
    ‘He Who Makes The Rules Never Goes To Jail For Breaking Them’
    Report Questions Motives Behind Post-Midterm Timing Of Obama Administration’s Next Wave Of Regulations
    Senate NSA Bill Could Come As Early As Next Week
    Maine Governor Curbs Public Assistance To ‘Able-Bodied’ Recipients Unless They Work
    Adani’s Ambitious Coal Mine In Australia Faces A Formidable Opponent—Nemo
    How To Run A Team Of People Who Never See Each Other
    China’s Cancelled Burma Railway Is Its Latest Derailment In Southeast Asia
    The Surprise Obamacare Ruling That Wasn’t
    In This Gaza War, The Truth Is Buried
    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.