- By Kenneth Schortgen Jr, Finance Examiner
- April 7th, 2011 1:17 pm ET
Price increases on April 4th at the LDS canneries show inflation up between 11 and 49% for many basic food staples. These rise in prices are a strong barometer for the overall economy since the LDS facilities are usually the last to raise prices for their communities, which provides food in bulk that they can collect through their vast networking operations.
According to the new price list from April 4th, many food staples have increased by more than 20% since the last price list came out just 3 months ago on January 3rd.
Beans. Black 13.69%
Beans, Pinto 12.13%
Beans, White 11.88%
Milk, Non Fat Dry 25.00%
Rice 38.99%
Sugar 33.81%
Wheat, Red/White 44.54%
Apple Slices 24.53%
Carrots 21.31%
Macaroni 40.25%
Oats, Quick 48.90%
Oats, Regular 49.19%
Onions 21.60%
Potato Flakes 33.33%
Spaghetti 38.99%
Beans, Refried 27.72%
Cocoa Mix 40.69%
Flour 29.70%
Fruit Drink Mix 26.20%
Beans, Pinto 12.13%
Beans, White 11.88%
Milk, Non Fat Dry 25.00%
Rice 38.99%
Sugar 33.81%
Wheat, Red/White 44.54%
Apple Slices 24.53%
Carrots 21.31%
Macaroni 40.25%
Oats, Quick 48.90%
Oats, Regular 49.19%
Onions 21.60%
Potato Flakes 33.33%
Spaghetti 38.99%
Beans, Refried 27.72%
Cocoa Mix 40.69%
Flour 29.70%
Fruit Drink Mix 26.20%
LDS churches and organizations have long been at the forefront in preparedness for families and communities. As one of the wealthiest corporations in the world, their network of companies and church affiliations allow them access to cheaper food sources, and the capacity to store them for long periods of time through their canning facilities.
As the government and Federal Reserve continues to tell the American people that inflation is low, and contained by their monetary policies, the real barometer of inflation in the economy comes from the grocers, markets, and institutions that deal with food sales and production, and must monitor prices daily as commodities continue to climb.
The LDS's raising food prices at their canneries by 11 to 49% in just three months should be a serious wakeup call to all Americans on the true inflationary conditions that exist in our economy, and that we need to constantly look outside government reports for the true data affecting our spending and finances.
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