Major food suppliers are warning of even higher prices.
At least one supermarket chain owner is projecting a minimum of 10% higher prices by October and probably 15% is reasonable on most food items.
We have been intentionally letting our food supply drop down. We are at 50% of our pandemic levels for our stored staples. Yesterday we started building our food storage again with a trip to the grocery store. Prices have been steadily climbing for months. Another 15% increase in 2-5 months, especially when it is predicted by many in the food industry, seems pretty likely.
Some prices are skyrocketing, COFFEE is up big. Some are not. We are trying to be selective, but we are rebuilding. Not for fear that we won't get food. But for pure consumer/economic reasons. If we are going to eat it anyway, and if we have a place to store it, then it just makes sense to buy it now. Obviously can't really stock up on bread. But shelf stable items like E.V.Olive Oil, coffee, canned goods, boxed goods, etc are all fair game for savings. If you have freezer space the savings on some items can pay for a new freezer in 1 year.
Savings accounts and money markets = ZERO yield right now.
Buying food today that will cost 10-15% more very soon = 10-15% yield in 3 months! That is a substantial annual return on your investment.
At least one supermarket chain owner is projecting a minimum of 10% higher prices by October and probably 15% is reasonable on most food items.
We have been intentionally letting our food supply drop down. We are at 50% of our pandemic levels for our stored staples. Yesterday we started building our food storage again with a trip to the grocery store. Prices have been steadily climbing for months. Another 15% increase in 2-5 months, especially when it is predicted by many in the food industry, seems pretty likely.
Some prices are skyrocketing, COFFEE is up big. Some are not. We are trying to be selective, but we are rebuilding. Not for fear that we won't get food. But for pure consumer/economic reasons. If we are going to eat it anyway, and if we have a place to store it, then it just makes sense to buy it now. Obviously can't really stock up on bread. But shelf stable items like E.V.Olive Oil, coffee, canned goods, boxed goods, etc are all fair game for savings. If you have freezer space the savings on some items can pay for a new freezer in 1 year.
Savings accounts and money markets = ZERO yield right now.
Buying food today that will cost 10-15% more very soon = 10-15% yield in 3 months! That is a substantial annual return on your investment.
