Brace yourself and your pocket for the coming festive season....
NIA, the US based National Inflation Association, projects that at the average U.S. grocery store it will soon cost $11.43 for an ear of corn, $23.05 for a 24 oz loaf of bread, $77.71 for 11.30 oz of roast coffee, $45.71 for a 64 fl oz container of orange juice, and $15.50 for a 1.55 oz chocolate candy bar.
The report highlights how despite the recent spectacular hike in food commodity prices - cotton rising by 54%, corn rising by 29%, soybeans rising by 22%, orange juice rising by 17%, and sugar rising by 51% during the months of September and October alone - these huge increases have yet to make their way into America's grocery stores because corporations have been reluctant to be the first to pass these price increases along to the consumer.
NIA, the US based National Inflation Association, projects that at the average U.S. grocery store it will soon cost $11.43 for an ear of corn, $23.05 for a 24 oz loaf of bread, $77.71 for 11.30 oz of roast coffee, $45.71 for a 64 fl oz container of orange juice, and $15.50 for a 1.55 oz chocolate candy bar.
The report highlights how despite the recent spectacular hike in food commodity prices - cotton rising by 54%, corn rising by 29%, soybeans rising by 22%, orange juice rising by 17%, and sugar rising by 51% during the months of September and October alone - these huge increases have yet to make their way into America's grocery stores because corporations have been reluctant to be the first to pass these price increases along to the consumer.
Want to learn more?
NIA's special U.S. food price projection report is now available to download for free at:
http://inflation.us/foodpriceprojections.pdf
People who are growing their own food (and you don't need a lot of space to do this... learn how here) and forging caring links with others in their local community will be best placed to weather the coming hyperinflation.
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