From the WSJ, February 14:
To Save Money, Maybe You Should Skip Breakfast
Several breakfast staples saw sharp price increases due to a perfect storm of bad weather and disease outbreaks—and continued effects from Russia’s invasion of Ukraine.
Egg prices increased 8.5% in January from a month earlier and are up 70.1% over the past year, the highest annual rate since 1973. The deadliest avian-influenza outbreak on record has devastated poultry flocks across the U.S., leading the price of eggs to rise more than any other grocery item in 2022, according to Information Resources Inc. U.S. egg inventories were 29% lower in the final week of December 2022 than at the beginning of 2022, according to the USDA.
Frozen, noncarbonated juices and drinks—a category that includes frozen orange juice—rose by 1.5% in January from a month earlier, and the 12.4% annual increase is the highest in over a decade. Florida orange growers are harvesting their smallest crop in nearly 90 years, the result of a freeze, two hurricanes and a citrus disease that is laying waste to its groves....
....MORE
Flashback, March 2022:
Helpful Inflation Hints From Bloomberg For People Who Make Less Than $300K
From B.O.:
Unfortunately, as the billionaire a16z co-founder brought to our attention in "Update To Bloomberg's Handy Inflation Hints From Marc Andreessen", the price of lentils had more than doubled in the year preceding the Bloomberg tweet.
Is it just me or do the peeps at the Journal, Bloomberg and the NYT seem increasingly out-of-touch?
And the Washington Post? Bwa ha ha ha ha.
