Foodflation - Since QE3, Breakfast Is Up Over 24%

Tyler Durden's picture




 

Having pointed out the 'surges' in the cost of your 4th of July burger at the behest of Greenspan and Bernanke, we thought a reflection on the soaring costs of 'the most important meal of the day' were in order. As the following chart illustrates in words and pictures even a PhD Fed economist or CNBC pretend-economist could understand - food-flation is here from breakfast through dinner (no matter how many iPads we try and eat).

 

 

h/t $hane Obata @sobata416

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Sun, 07/06/2014 - 16:40 | 4929630 B2u
B2u's picture

Just substitute....skip breakfast...

Sun, 07/06/2014 - 16:42 | 4929633 Supernova Born
Supernova Born's picture

The way to a mobs' heart is through its stomach.

Sun, 07/06/2014 - 16:49 | 4929655 vmromk
vmromk's picture

Forget about eating an iPad, eat a fucking central banker.

Sun, 07/06/2014 - 16:55 | 4929673 TeamDepends
TeamDepends's picture

Ewwww, gross!  Would sooner go vegan.

Sun, 07/06/2014 - 17:02 | 4929688 random999
random999's picture

Fine, I´ll have yours

Sun, 07/06/2014 - 17:18 | 4929734 Cliff Claven Cheers
Cliff Claven Cheers's picture

I think someone forgot to adjust the chart above for inflation.

Sun, 07/06/2014 - 17:57 | 4929830 ZerOhead
ZerOhead's picture

The price might be 24% higher but because you don't eat as much since you lost your job it tastes twice as good.

Therefore after hedonic adjustments it is now actually 76% cheaper.

Deflation can be a bitch that way...

Sun, 07/06/2014 - 18:35 | 4929939 NoDebt
NoDebt's picture

I'm looking at the chart for the biggest number and thinking.... it's all the pigs' fault.

The ones in DC.

Sun, 07/06/2014 - 20:31 | 4930212 Obese-Redneck
Obese-Redneck's picture

Dear fellow Americans , this is what it is like to live in the rest of the world.
Energy prices have finally equalled the playing field for food, sucks doesn't it? And amazingly the US is making more oil than ever, now how can this be? I recommend finding entertainment that does not involve the use of an internal combustion engine for starters. All the savings from silly bass boats, atvs, snow machines, dune buggies, swamp buggies, dirt bikes, and last but not least frickin jet skis and wet bikes, all the savings can go towards nice healthy food. Yes I know, it's hard to have fun without a vibrating crotch rocket between your legs, try walking.

Sun, 07/06/2014 - 21:08 | 4930295 Metalredneck
Metalredneck's picture

Get fucked.  A few times.

Sun, 07/06/2014 - 22:29 | 4930520 Four chan
Four chan's picture

how about since qe1?

Sun, 07/06/2014 - 22:51 | 4930585 wee-weed up
wee-weed up's picture

NOISE... it's what's for breakfast!

                 -- Janet Ben Yellen

Mon, 07/07/2014 - 07:43 | 4931112 All Risk No Reward
All Risk No Reward's picture

Excellent comment!

Mon, 07/07/2014 - 04:35 | 4930964 DannoH
DannoH's picture

I thought your line of reasoning was going to end in "...because we eat beans for breakfast not dinner." Kooky.

Mon, 07/07/2014 - 08:30 | 4931197 snr-moment
snr-moment's picture

Or, you could suppress all airline travel, because 200 people each getting the average mileage of a Ford Expedition,, just so they can go gorge themselves for thanksgiving dinner with some family.....   I mean seriously, the Mona Lisa looks just as good in any decent art book.

 

Also, you abandon the internet, the servers for which consume as much electricity as a large city.

You might get some privacy back.

Sun, 07/06/2014 - 18:22 | 4929894 boattrash
boattrash's picture

I don't want to eat a Banker-Critter either, but I'd be Happy to Skin and Roast them over a fire for y'all.

Sun, 07/06/2014 - 17:04 | 4929697 yogibear
yogibear's picture

Feed the central banksters to the sharks.

Sun, 07/06/2014 - 23:38 | 4930686 Colonel Klink
Colonel Klink's picture

They wouldn't eat them out of professional courtesy.

Sun, 07/06/2014 - 16:47 | 4929650 Greenskeeper_Carl
Greenskeeper_Carl's picture

Unpossible. The fed said so. Although in reality, the more this seeps out into the open, the more people are going to wake up. If people realize real inflation is even 5-6% (it's probably higher than that), and come to the realization that this reality wipes out all GDP growth we have had over the past decade. This means we have been living in a depression for the past 10 years. Better get busy with the excuses quick...

Sun, 07/06/2014 - 17:00 | 4929683 Supernova Born
Supernova Born's picture

96 ounce Tropicana orange juice ON SALE at Kroger with member card for $9.29. UFB.

Sun, 07/06/2014 - 17:03 | 4929695 TeamDepends
TeamDepends's picture

What if you flash the EBT Gold Playa Club Card?

Mon, 07/07/2014 - 01:06 | 4930815 world_debt_slave
world_debt_slave's picture

eat moar wood pulp

Sun, 07/06/2014 - 16:54 | 4929636 Sudden Debt
Sudden Debt's picture

No sausages?!?!? WHAT IS THIS?!? DARFUR? SOMALIA?!?

AND WHAT'S THAT RED THING IN THE MIDDLE?!?!?
Is that a...vegetabalala?!?!?
WHAT THE MEANING OF THIS?!?!
DO I HAVE TO LURE AND TRAP A RABIT ON MY PLATE MYSELF?!?!

Sun, 07/06/2014 - 16:55 | 4929672 James Dandy
James Dandy's picture

Beans instead, we're almost half Mexican now.

Sun, 07/06/2014 - 17:32 | 4929759 FeralSerf
FeralSerf's picture

Mexicans don't eat that kind of beans. That bacon looks strange too. Who eats cucumbers? Someone is trying to slip in an English breakfast.

Sun, 07/06/2014 - 18:10 | 4929860 DavidC
DavidC's picture

English breakfast doesn't include cucumbers. Fried egg, bacon, fried bread, tomatoes, black pudding and, possibly, beans, toast and tea. But no cucumber.

DavidC

Mon, 07/07/2014 - 04:37 | 4930965 DannoH
DannoH's picture

Agreed, if you want to satisfy your need for cucumber in the UK you need to order a Cup O'Pimms.

Mon, 07/07/2014 - 10:33 | 4931447 FrankDrakman
FrankDrakman's picture

Wot? No cucumber and watercress sandwiches with tea? Plum would be put out.

Mon, 07/07/2014 - 07:00 | 4931062 Big Brother
Big Brother's picture

Although, I see soda bread pictured there; so I'm lead to believe it's the traditional Irish breakfast.  

It's the ultimate breakfast- not hungry again until 13:00.

 

Mon, 07/07/2014 - 10:32 | 4931443 FrankDrakman
FrankDrakman's picture

Eggs, bacon, beans, and a fried slice - the breakfast my formerly Mancunian roommate used to cook up.

Need I mention he had a complexion reminiscent of the dark side of the moon?

Sun, 07/06/2014 - 16:45 | 4929644 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

Fuck FOOD and ENERGY!!!  Meaningless noise in terms of inflation!  </sarc>

Sun, 07/06/2014 - 16:45 | 4929645 mt paul
mt paul's picture

baby seals

are getting smaller too...

Sun, 07/06/2014 - 16:52 | 4929661 Sudden Debt
Sudden Debt's picture

My wife says it's because I leave them to long on the BBQ...

Sun, 07/06/2014 - 19:32 | 4930071 813kml
813kml's picture

Baby seal should really be steamed alive like lobster in order to seal in the freshness.

Sun, 07/06/2014 - 16:45 | 4929646 Platinum
Platinum's picture

That breakfast plate looks like it is staring at the increase in health insurance premiums in disbelief.

Sun, 07/06/2014 - 17:10 | 4929715 Mentaliusanything
Mentaliusanything's picture

Good pick up - two eyes and a mouth spewing

Sun, 07/06/2014 - 16:46 | 4929648 blindman
blindman's picture

what you call hyperinflation the fed
calls a good start.
what do you call three federal reserve
board members at the bottom of the ocean?
.

Sun, 07/06/2014 - 17:03 | 4929698 KenShabby
KenShabby's picture

A good start.

Sun, 07/06/2014 - 16:48 | 4929653 Duffy
Duffy's picture

...what is a picture of things that will be excluded from the CPI, Alex?

Sun, 07/06/2014 - 16:56 | 4929665 bbq on whitehou...
bbq on whitehouse lawn's picture

If you find dry pasta for a $1 a pound 16oz buy it. By the end of this year pasta and flower will be over $2 a pound. Next year almost $3 a pound.
Egypt will burn and so to the world when rice catches up to wheat.
Yellen and the banks want higher prices, so be it.
This is about rigged market prices, not retail.

Sun, 07/06/2014 - 16:56 | 4929677 Sudden Debt
Sudden Debt's picture

3 bucks for a pound of pasta... I put twice as much in the parking meter to go to the store...

Sun, 07/06/2014 - 16:54 | 4929668 Eyeroller
Eyeroller's picture

Stop whining you ignorant rabble.

The Ponzi Munchkin has assured us this is all just 'noise'.

Sun, 07/06/2014 - 16:55 | 4929670 Goldilocks
Goldilocks's picture

Let's get some fuckin french toast
http://www.youtube.com/watch?v=Qkyuq-m-aGs (3:22)

Sun, 07/06/2014 - 16:57 | 4929678 mt paul
mt paul's picture

dog

ate my breakfast...

Sun, 07/06/2014 - 17:19 | 4929735 SHEEPFUKKER
SHEEPFUKKER's picture

Word scramble.........eat dog for breakfast.

Fast food nation probably already is, they just don't know it. 

Sun, 07/06/2014 - 19:57 | 4930134 Bernankenstein
Bernankenstein's picture

I ate my dog's breakfast, which is really stange, as I don't have a dog.

Sun, 07/06/2014 - 20:31 | 4930211 mt paul
mt paul's picture

woof...

Sun, 07/06/2014 - 17:00 | 4929685 Bingo Hammer
Bingo Hammer's picture

Seems that the 2 eggs, the baked beans and the tomato missed out on being rated in that picture???....hedonics...its everywhere

Sun, 07/06/2014 - 17:01 | 4929686 yogibear
yogibear's picture

Not high enough. It needs to go up over 100% for people to react. Triple digit food inflation may work.

Sun, 07/06/2014 - 17:06 | 4929699 Laowei Gweilo
Laowei Gweilo's picture

and yet a lot of these ETFs such as Corn and Wheat are down hard this year

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