Get ready kiddos, it's about to kick in big time. With the price of oil/gas and commodities on the rise for a few months it has been slow to show up in your grocery cart. But it is now... here is one example.
They get you with portion sizes too, pay attention !
A recent caller to a radio show runs a food pantry for his community.. one year ago he bought a 14.5 oz can of Hormel Chili for $1.25. Today the can is 10.5 oz's and cost him $1.50.
That's .057 more PER OUNCE... or a 66% price increase. But hey you think it's only .25 cents.. but pay attention. Everything from clothing to food is going to keep going up. As long as the government keeps printing money ( making the dollar actually worth less ) the value of the dollar will go down. Oil is traded around the world in US dollars... so they raise the price of oil ( or chili ) to make up the difference.
Don't be afraid to start your own food storage. I'm just sayin.....
Check the decimal points on those numbers, Jeff. The 14.5 oz. can was priced at 8.6 cents per oz; the 10.5 oz. can is priced at 14.3 cents per oz. The percent increase is correct at 66%.
ReplyDeleteMac H.