Sunday, April 25, 2010

Food inflation

Article about how the price of food is beginning to rise; according to this article food prices took their biggest jump in 26 years.

The Bureau of Labor Statistics (BLS) today released their Producer Price Index (PPI) report for March 2010 and the latest numbers are shocking. Food prices for the month rose by 2.4%, its sixth consecutive monthly increase and the largest jump in over 26 years. NIA believes that a major breakout in food inflation could be imminent, similar to what is currently being experienced in India.

http://www.cnbc.com/id/36720622

Inflation has gone up 26% overall since 2000. Check out this inflation calculator; fun to play around with, but it's kind of depressing...

http://www.usinflationcalculator.com/

No comments:

Post a Comment