{"id":1031,"date":"2011-10-17T04:37:10","date_gmt":"2011-10-17T10:37:10","guid":{"rendered":""},"modified":"2017-01-15T21:26:15","modified_gmt":"2017-01-16T04:26:15","slug":"use-it-up-wear-it-out-make-do-or-do-without","status":"publish","type":"post","link":"https:\/\/pantryparatus.com\/articles\/use-it-up-wear-it-out-make-do-or-do-without\/","title":{"rendered":"Use It Up , Wear It Out, Make Do, or Do Without!"},"content":{"rendered":"

The inflation rate, even according to the government (who often tries to dissuade fears by downplay), is inevitable even within the year.\u00a0 Now is the time to reevaluate our shopping habits and how we can get the most for our dollar ahead of food inflation.\u00a0 We need to plan ahead.\u00a0 We must \u2026<\/span><\/p>\n

\u00a0<\/span><\/p>\n

\"WWII<\/p>\n

Would you like a breakdown of the upcoming inflation of food?\u00a0 Coming to a pocket book near you . . .\u00a0 <\/span><\/p>\n

http:\/\/www.ers.usda.gov\/briefing\/cpifoodandexpenditures\/data\/cpiforecasts.htm<\/span><\/p>\n

SOURCE<\/span><\/p>\n

 <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Changes in Food Price Indexes, 2009 through 2012<\/strong><\/td>\nSeptember 23, 2011<\/td>\n<\/tr>\n
\n
Item<\/div>\n<\/td>\n
\n
Relative importance1<\/sup><\/div>\n<\/td>\n
Month-
\nto-
\nMonth<\/td>\n		Year-
\nover-
\nYear<\/td>\n		\n
Annual<\/div>\n<\/td>\n
\n
Annual<\/div>\n<\/td>\n
\n
Forecast<\/strong><\/div>\n<\/td>\n
\n
Forecast<\/strong><\/div>\n<\/td>\n<\/tr>\n
\n
Jul2011 to Aug2011<\/div>\n<\/td>\n
\n
Aug2010 to Aug2011<\/div>\n<\/td>\n
\n
2009<\/div>\n<\/td>\n
\n
2010<\/div>\n<\/td>\n
\n
20112<\/sup><\/strong><\/div>\n<\/td>\n
\n
2012<\/strong><\/div>\n<\/td>\n<\/tr>\n
Consumer Price Indexes<\/strong><\/td>\n Percent <\/em><\/td>\nPercent change<\/em><\/td>\n<\/tr>\n
All food<\/strong><\/td>\n\n
100.0<\/div>\n<\/td>\n
\n
0.5<\/div>\n<\/td>\n
\n
4.6<\/div>\n<\/td>\n
\n
1.8<\/div>\n<\/td>\n
\n
0.8<\/div>\n<\/td>\n
\n
3.0 to 4.0<\/div>\n<\/td>\n
\n
2.5 to 3.5<\/div>\n<\/td>\n<\/tr>\n
Food away from home<\/td>\n\n
43.1<\/div>\n<\/td>\n
\n
0.4<\/div>\n<\/td>\n
\n
2.7<\/div>\n<\/td>\n
\n
3.5<\/div>\n<\/td>\n
\n
1.3<\/div>\n<\/td>\n
\n
3.0 to 4.0<\/div>\n<\/td>\n
\n
2.0 to 3.0<\/div>\n<\/td>\n<\/tr>\n
Food at home<\/td>\n\n
56.9<\/div>\n<\/td>\n
\n
0.6<\/div>\n<\/td>\n
\n
6.0<\/div>\n<\/td>\n
\n
0.5<\/div>\n<\/td>\n
\n
0.3<\/div>\n<\/td>\n
\n
3.5 to 4.5<\/div>\n<\/td>\n
\n
3.0 to 4.0<\/div>\n<\/td>\n<\/tr>\n
<\/td>\nMeats, poultry, and fish<\/td>\n\n
12.5<\/div>\n<\/td>\n
\n
0.3<\/div>\n<\/td>\n
\n
7.7<\/div>\n<\/td>\n
\n
0.5<\/div>\n<\/td>\n
\n
1.9<\/div>\n<\/td>\n
\n
5.5 to 6.5<\/strong><\/div>\n<\/td>\n
\n
3.5 to 4.5<\/div>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nMeats<\/td>\n\n
7.9<\/div>\n<\/td>\n
\n
0.7<\/div>\n<\/td>\n
\n
8.9<\/div>\n<\/td>\n
\n
-0.6<\/div>\n<\/td>\n
\n
2.8<\/div>\n<\/td>\n
\n
6.5 to 7.5<\/strong><\/strong><\/div>\n<\/td>\n
\n
3.5 to 4.5<\/div>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\nBeef and veal<\/td>\n\n
3.7<\/div>\n<\/td>\n
\n
0.4<\/div>\n<\/td>\n
\n
10.4<\/div>\n<\/td>\n
\n
-1.0<\/div>\n<\/td>\n
\n
2.9<\/div>\n<\/td>\n
\n
8.0 to 9.0<\/strong><\/strong><\/div>\n<\/td>\n
\n
4.5 to 5.5<\/div>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\nPork<\/td>\n\n
2.5<\/div>\n<\/td>\n
\n
0.7<\/div>\n<\/td>\n
\n
7.5<\/div>\n<\/td>\n
\n
-2.0<\/div>\n<\/td>\n
\n
4.7<\/div>\n<\/td>\n
\n
6.5 to 7.5<\/div>\n<\/td>\n
\n
3.0 to 4.0<\/div>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\nOther meats<\/td>\n\n
1.7<\/div>\n<\/td>\n
\n
1.2<\/div>\n<\/td>\n
\n
7.7<\/div>\n<\/td>\n
\n
2.3<\/div>\n<\/td>\n
\n
-0.1<\/div>\n<\/td>\n
\n
3.0 to 4.0<\/div>\n<\/td>\n
\n
2.5 to 3.5<\/div>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nPoultry<\/td>\n\n
2.4<\/div>\n<\/td>\n
\n
-0.1<\/div>\n<\/td>\n
\n
3.4<\/div>\n<\/td>\n
\n
1.7<\/div>\n<\/td>\n
\n
-0.1<\/div>\n<\/td>\n
\n
2.5 to 3.5<\/div>\n<\/td>\n
\n
3.0 to 4.0<\/div>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nFish and seafood<\/td>\n\n
2.2<\/div>\n<\/td>\n
\n
-0.4<\/div>\n<\/td>\n
\n
8.3<\/div>\n<\/td>\n
\n
3.6<\/div>\n<\/td>\n
\n
1.1<\/div>\n<\/td>\n
\n
5.5 to 6.5<\/div>\n<\/td>\n
\n
4.0 to 5.0<\/div>\n<\/td>\n<\/tr>\n
<\/td>\nEggs<\/td>\n\n
0.7<\/div>\n<\/td>\n
\n
4.9<\/div>\n<\/td>\n
\n
14.5<\/div>\n<\/td>\n
\n
-14.7<\/div>\n<\/td>\n
\n
1.5<\/div>\n<\/td>\n
\n
5.0 to 6.0<\/strong><\/strong><\/div>\n<\/td>\n
\n
3.5 to 4.5<\/strong><\/div>\n<\/td>\n<\/tr>\n
<\/td>\nDairy products<\/td>\n\n
6.1<\/div>\n<\/td>\n
\n
0.9<\/div>\n<\/td>\n
\n
9.1<\/div>\n<\/td>\n
\n
-6.4<\/div>\n<\/td>\n
\n
1.1<\/div>\n<\/td>\n
\n
5.0 to 6.0<\/div>\n<\/td>\n
\n
3.0 to 4.0<\/div>\n<\/td>\n<\/tr>\n
<\/td>\nFats and oils<\/td>\n\n
1.7<\/div>\n<\/td>\n
\n
1.0<\/div>\n<\/td>\n
\n
10.8<\/div>\n<\/td>\n
\n
2.3<\/div>\n<\/td>\n
\n
-0.3<\/div>\n<\/td>\n
\n
6.5 to 7.5<\/div>\n<\/td>\n
\n
2.5 to 3.5<\/div>\n<\/td>\n<\/tr>\n
<\/td>\nFruits and vegetables<\/td>\n\n
8.4<\/div>\n<\/td>\n
\n
0.2<\/div>\n<\/td>\n
\n
6.3<\/div>\n<\/td>\n
\n
-2.1<\/div>\n<\/td>\n
\n
0.2<\/div>\n<\/td>\n
\n
3.5 to 4.5<\/div>\n<\/td>\n
\n
3.0 to 4.0<\/div>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nFresh fruits and
\nvegetables<\/td>\n		\n
6.4<\/div>\n<\/td>\n
\n
0.4<\/div>\n<\/td>\n
\n
7.5<\/div>\n<\/td>\n
\n
-4.6<\/div>\n<\/td>\n
\n
0.6<\/div>\n<\/td>\n
\n
3.5 to 4.5<\/div>\n<\/td>\n
\n
3.0 to 4.0<\/div>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\nFresh fruits<\/td>\n\n
3.3<\/div>\n<\/td>\n
\n
0.7<\/div>\n<\/td>\n
\n
9.1<\/div>\n<\/td>\n
\n
-6.1<\/div>\n<\/td>\n
\n
-0.6<\/div>\n<\/td>\n
\n
2.0 to 3.0<\/div>\n<\/td>\n
\n
3.0 to 4.0<\/div>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\nFresh vegetables<\/td>\n\n
3.2<\/div>\n<\/td>\n
\n
0.0<\/div>\n<\/td>\n
\n
6.0<\/div>\n<\/td>\n
\n
-3.4<\/div>\n<\/td>\n
\n
2.0<\/div>\n<\/td>\n
\n
4.5 to 5.5<\/div>\n<\/td>\n
\n
3.5 to 4.5<\/div>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nProcessed fruits and
\nvegetables<\/td>\n		\n
1.9<\/div>\n<\/td>\n
\n
-0.4<\/div>\n<\/td>\n
\n
2.4<\/div>\n<\/td>\n
\n
6.6<\/div>\n<\/td>\n
\n
-1.3<\/div>\n<\/td>\n
\n
1.5 to 2.5<\/div>\n<\/td>\n
\n
3.0 to 4.0<\/div>\n<\/td>\n<\/tr>\n
<\/td>\nSugar and sweets<\/td>\n\n
2.2<\/div>\n<\/td>\n
\n
1.2<\/div>\n<\/td>\n
\n
4.7<\/div>\n<\/td>\n
\n
5.6<\/div>\n<\/td>\n
\n
2.2<\/div>\n<\/td>\n
\n
2.5 to 3.5<\/div>\n<\/td>\n
\n
2.0 to 3.0<\/div>\n<\/td>\n<\/tr>\n
<\/td>\nCereals and bakery
\nproducts<\/td>\n		\n
7.9<\/div>\n<\/td>\n
\n
0.8<\/div>\n<\/td>\n
\n
5.3<\/div>\n<\/td>\n
\n
3.2<\/div>\n<\/td>\n
\n
-0.8<\/div>\n<\/td>\n
\n
4.0 to 5.0<\/div>\n<\/td>\n
\n
4.5 to 5.5<\/div>\n<\/td>\n<\/tr>\n
<\/td>\nNonalcoholic beverages<\/td>\n\n
6.7<\/div>\n<\/td>\n
\n
0.3<\/div>\n<\/td>\n
\n
4.0<\/div>\n<\/td>\n
\n
1.9<\/div>\n<\/td>\n
\n
-0.9<\/div>\n<\/td>\n
\n
2.0 to 3.0<\/div>\n<\/td>\n
\n
1.5 to 2.5<\/div>\n<\/td>\n<\/tr>\n
<\/td>\nOther foods<\/td>\n\n
10.7<\/div>\n<\/td>\n
\n
0.9<\/div>\n<\/td>\n
\n
3.0<\/div>\n<\/td>\n
\n
3.7<\/div>\n<\/td>\n
\n
-0.5<\/div>\n<\/td>\n
\n
2.5 to 3.5<\/div>\n<\/td>\n
\n
2.0 to 3.0<\/div>\n<\/td>\n<\/tr>\n
Note: Bolded entries reflect changes from the previous month’s forecast. Green arrows indicate an increase and red arrows indicate a decrease in the forecast from the previous month’s forecast.<\/span><\/p>\n

1<\/sup>BLS-estimated expenditure shares, December 2010. Food prices represent approximately 14 percent of the total CPI.<\/span><\/p>\n

2<\/sup>Forecasts updated by the 25th<\/sup> of each month. <\/span><\/p>\n

Sources: Historical data from Bureau of Labor Statistics; forecasts by Economic Research Service.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

 <\/p>\n

What is food inflation?\u00a0 Basically, it is the worth of everything you eat going up except the money that you use to buy the food.\u00a0 Classically the funny money inflation metrics do not include inflation on fuel or food.\u00a0 I know, I know, you are thinking, \u201cbut those are the things that cost the most<\/em>,\u201d exactly.\u00a0 This is what keeps the numbers looking so good.\u00a0 Factor in that the Farm Bill commodities float on a sea of oil and subsidies and the real costs start to hit very close to home.\u00a0<\/span><\/p>\n

\u00a0<\/span><\/p>\n

You already know how serious the inflation on food is.\u00a0 Have you priced bacon lately?\u00a0 May be it is that the real paradigm was there all along right in front of us:<\/span><\/p>\n

\u00a0<\/span><\/p>\n

\"Food<\/span><\/p>\n

\u00a0<\/span><\/p>\n

The USDA Food Pyramid?\u00a0 Yes, the widest part at the base is what you are \u201csupposed\u201d to be eating more of\u2014which is why we call it the Farm Bill Pyramid:<\/span><\/p>\n

\u00a0<\/span><\/p>\n

\"Food<\/span><\/p>\n

\u00a0<\/span><\/p>\n

The commodities are based on cheap oil (artificial fertilizers, fuel for farming implements, trucking and transportation, etc.).\u00a0 As there is an inflation in oil prices there follows an inflation in food prices as well.\u00a0<\/span><\/p>\n

\u00a0<\/span><\/p>\n

Let me illustrate further: try to find something in the grocery store that does not have corn syrup in it.\u00a0 Actually, you would be very hard pressed to find foods without corn or soy derivatives in the food.\u00a0 Since corn and soy are row crop commodities, which depend on oil to fuel the production you will naturally see inflation on food when you see inflation on oil.\u00a0<\/span><\/p>\n

\u00a0<\/span><\/p>\n

The food inflation<\/a> markers are there\u2014I hope that you are thumbing through your seed catalog for this spring.\u00a0<\/span><\/p>\n

\u00a0<\/span><\/p>\n

Chaya<\/span><\/p>\n

\u00a0<\/span><\/p>\n

Photo Credits:<\/span><\/p>\n

WWII Propaganda Poster by http:\/\/creativecommons.org\/licenses\/by-nc-sa\/3.0\/<\/span><\/p>\n

\u00a0Food Pyramid from http:\/\/www.nlm.nih.gov\/medlineplus\/ency\/imagepages\/19836.htm<\/span><\/p>\n

Clipart from www.cliparts101.com<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

The inflation rate, even according to the government (who often tries to dissuade fears by downplay), is inevitable even within the year.\u00a0 Now is the time to reevaluate our shopping habits and how we can get the most for our dollar ahead of food inflation.\u00a0 We need to plan ahead.\u00a0 We must \u2026 \u00a0 Would […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"footnotes":"","_jetpack_memberships_contains_paid_content":false,"jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[297],"tags":[],"yst_prominent_words":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p9Fvks-gD","_links":{"self":[{"href":"https:\/\/pantryparatus.com\/wp-json\/wp\/v2\/posts\/1031"}],"collection":[{"href":"https:\/\/pantryparatus.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pantryparatus.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pantryparatus.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/pantryparatus.com\/wp-json\/wp\/v2\/comments?post=1031"}],"version-history":[{"count":0,"href":"https:\/\/pantryparatus.com\/wp-json\/wp\/v2\/posts\/1031\/revisions"}],"wp:attachment":[{"href":"https:\/\/pantryparatus.com\/wp-json\/wp\/v2\/media?parent=1031"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pantryparatus.com\/wp-json\/wp\/v2\/categories?post=1031"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pantryparatus.com\/wp-json\/wp\/v2\/tags?post=1031"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/pantryparatus.com\/wp-json\/wp\/v2\/yst_prominent_words?post=1031"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}