Friday, Mar 30, 2007
Inflation in US food prices........yet more evidence of the US's inflation problem
Breibart: Milk Prices Expected to Rise 9 Percent
Milk prices to go up by 9% in the US because of higher fuel costs and higher animal feed costs.
But it's OK because the US doesn't have an inflation problem! (Yeah........right!)
Posted by royston @ 08:44 PM (337 views) Add Comment
3 Comments
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1. lvmreader said...
Just a few months ago, if you had posted this, a lot of people may have posted "What has this got to do with House Prices".
Well everything. This is a symptom of the weak economy which will drive monetary policy and thus affect ALL asset prices in our economy.
2. enuii said...
I remember the inflation of the early 1970 as a kid at school and having to bring in more money for the tuck shop as the price of crisps increased 2 to 2.5p and upwards to 5p in the space of 18 months or so.
The crisps & confectionery in the vending machine at work have just shot up this week from 35p to 45/50p which is a 25% increase, as Mars bars are a good indication of inflation (not technology based or made in china yet) I think we are now at the publically visible phase of the inflation process.
3. paul said...
Quick - everyone buy cows! Buy them and rent them out!