Fresh vegetables are over 44% more expensive today than they were three months ago, on an annualized basis.
Just wait till the fall once the effects of reduced fertilizers lead to lower yields. This will all seem cheap in comparison.
I’ve been thinking of this too.
Don’t doubt for one second that the consumer will foot the difference, every time.
Springtime is planting season which is the most important time for farmers. Without access to fertilizer, or best case scenario with higher prices for fertilizer, you’re looking at decreased yields lower production amounts shortages and astronomically higher prices.
And that’s all before any price manipulation by big agricultural corporations. We should’ve learned by now that any opportunity that corporations can take to raise prices and blame it on some external factor just leads to price gouging inflation shrink inflation and all the other wonderful flavors of fucking over the consumer.
For the last two maybe three generations the entirety of society has been moving farther and farther away from working the land or even having the basic skills to know how to maintain or raise even a small garden.
I mean Gen Z thinks that food comes from the freezer at the 7-Eleven. What do you think happen when there’s food shortages?
Its going to suck.
I am currently being forced to make the decision between buying medicine and buying food. I’m honestly considering doing something illegal because I know I’ll get both in jail.
Why would Joe Biden do this?
Because something something autopen.
To thank Obama of course
And those prices don’t ever go down
In my part of the world (eastern USA), some do. Chocolate and coffee prices, for example, have backed off their all time highs. For coffee, it’s come down a lot, presumably after the tariffs were invalidated.
Same with eggs here. They’re still higher than before they were astronomical, but not by much.
FAYK NOOOOOOZ.
If anything makes Republicans look like failures, it must be fake. Why I even saw gas for $1.25/gal just today…
BUT WHAT IS THE DOW AT?!?!
New that will cause the stock market to rally, for some reason
These weren’t the May flowers I was expecting from those April showers.
I bet we can use AI to make those profits go even higher… Er, uh. Surge Pricing?
Jumped more in April than they did in four years, so far…
Fresh vegetables are over 44% more expensive today than they were three months ago, on an annualized basis.
This is a terrible way to phrase this. It’s actually just wrong. Vegetables aren’t 44% more expensive than 3 months ago.
It’s saying they’ve increased 9 or 10 percent over 3 months. There’s 12 months in a year (annualized), which if that rate continues for a year that’d then be 40-50 percent annualized.
They literally didnt say that
I know what they were trying to say. That’s not what they said, though.
Saying something is x% more expensive than y period of time ago (if you multiple it by a different number to pretend it’s a much longer period) is just nonsense, because in the end it is not that much more expensive over the defined period.
