Tags
federal reserve, food, government, healthier eating, healthy eating, inflation, shopping, university of colorado health
Lessons Learned
Now that we’re almost finished with the cooking challenge thanks to our friends at the University of Colorado Health, it is time to share some lessons.
- Devon likes to talk trash!!! Regardless of how much she says I am competitive she is a trash-talking machine, and deep down wants to win as badly as I do.
- When you start photographing the foods you’re eating, you’re more conscious of what you’re eating.
Thanks to a successful hunting season this winter, I am able to cook with a lot of wild game, and that means lower bills at the grocery store since I don’t have to buy meat. Unfortunately we are getting to the end of our wild game meat supply, therefore I have started paying a little more attention to the price of meat while shopping – OUCH!
I don’t have to tell you that the price of food has been increasing, but it would appear since the last time I purchased beef the price has increased by 33 percent.
What is interesting when looking at the increase in beef prices is that the government tells me prices are not going up dramatically. In fact, according to the government, inflation has been hovering around 1.5% the last year and a half. If that is the case, then the price of meat should have only increased by 3-5 percent, but it hasn’t.
Did you know that when the government calculates inflation they do not include the increase costs for food and energy? Seems odd that two of our most basic expenses every week are not factored when calculating inflation.
Do you feel like your dollar is buying as much as it did last year? Is it harder to eat healthier if food prices are increasing?
Core inflation is a measure of inflation for a subset of consumer prices that excludes food and energy prices, which rise and fall more than other prices in the short term. The Federal Reserve Board pays particular attention to the core inflation rate to get a better estimate of long-term future inflation trends overall.