Tuesday, August 19, 2014

Average price of ground beef per pound hit its all-time high

The government and news media claim inflation is under control and low. Unfortunately, you don't buy all the items they track to make the misleading pronouncement. I do most of the grocery shopping in my family and the price of beef, bacon and other staples is shocking. My electric bill has skyrocketed in the last 4 years due in large part to Obama and the global warming crowd imposing regulations. Health insurance is rapidly rising and companies are shifting costs to employees. My company has shifted $1000 in health care cost to me in the last two years. They are afraid of the 2018 tax on alleged high-end, so-called, Cadillac plans. I don't have a high-end plan. Medical cost inflation is pushing ordinary plans into the special tax bracket. The Cadillac plan threshold was indexed to inflation; not heath insurance inflation. Obamacare was supposed to control health cost inflation, but it hasn't happened. Companies have discovered the Cadillac tax will be a Chevy tax by 2018 and they aren't planning on paying it. Can you blame them? It's 25%. Also, don't forget gas was $1.80 a gallon when Obama took office in January 2009. Ordinary middle-class Americans are really struggling because wages have been stagnant and real household income has declined under Obama. Thanks, President Obama.
(CNSNews.com) – The average price for all types of ground beef per pound hit its all-time high -- $3.884 per pound -- in the United States in July, according to data released today by the Bureau of Labor Statistics (BLS).
That was up from $3.880 per pound in June. A year ago, in July 2013, the average price for a pound of ground beef was $3.459 per pound. Since then, the average price for a pound of ground beef has gone up 42.1 cents--or about 12 percent.

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