Fri 15 May 2009
Grocery Food Deflation Continues Unabated
Posted by RichSlick under Basket of Goods, Observations
1 Comment
The price of food continues to drop and I recently went to the grocery store and picked up two boxes of 18 eggs for $2 and I’ve never seen such a deal on eggs before, at least not in recent memory.  I have also noticed the price of other staples down significantly such as rice and beans.
Bacon/Ham, Lobster, shrimp and certain fish categories also to continue to drop in price but one thing that perplexes me are beef prices.  I keep seeing certain cuts of meat as high as $8/lb and others constantly on sale at $0.99/lb so I can’t figure that out.
According to this post over as Global Economic Analysis, wholesale prices have dropped the most in 50 years and I am certainly seeing that in grocery items.  The generic price of bread continues to drop although I’ve see no change in price from the name brand price I usually buy but I’ve stopped buying the name brand and use the store brand now.  I can’t justify a 100% price difference from generic to name brand when there’s only a marginal taste difference.  I can swallow the difference!
One Response to “ Grocery Food Deflation Continues Unabated ”
Trackbacks & Pingbacks:
[…] you rather spend the next 5 hours finding out which grocery store in town has the best prices on eggs? With employers cutting jobs and hours it seems much more advantageous to earn a few extra bucks […]