Food Inflation Quotes & Sayings

Food and energy account for a significant portion of household budgets, so the Federal Reserve's inflation objective is defined in terms of the overall change in consumer prices. — Janet Yellen

This was the argument put forward during the War when the expenditure on the army and navy had to be met; and this was the argument put forward in Germany and Austria after the War when a part of the population had to be provided with cheap food, the losses on the operation of the railways and other public undertakings met, and reparations payments made. The assistance of inflation is invoked whenever a government is unwilling to increase taxation or unable to raise a loan; that is the truth of the matter. — Ludwig Von Mises

Models used to describe and predict inflation commonly distinguish between changes in food and energy prices - which enter into total inflation - and movements in the prices of other goods and services - that is, core inflation. — Janet Yellen

The idea that when people see prices falling they will stop buying those cheaper goods or cheaper food does not make much sense. And aiming for 2 percent inflation every year means that after a decade prices are more than 25 percent higher and the price level doubles every generation. That is not price stability, yet they call it price stability. I just do not understand central banks wanting a little inflation. — Paul Volcker

The President's policy proposal, known as 'chained CPI,' would re-calculate the cost of living for Social Security beneficiaries. That new number won't keep up with inflation on things like food and health care
the basics that we need to live. In short, 'chained CPI' is just a fancy way to say 'cut benefits for seniors, the permanently disabled, and orphans.' — Elizabeth Warren