Unfortunately, although overall inflation was down modestly last month, grocery inflation is only getting WORSE! Despite this, stocks skyrocketed more than 500 points today!
Wednesday, August 10, 2022
Saturday, May 8, 2021
Food Hyperinflation Is Now Coupled With Dollar Devastation
Unfortunately, we are seeing the soon arrival of both food price hyperinflation coupled with the destruction of the value of the US dollar, as depicted in these two charts. The first depicts the devaluation of the US Dollar over the past several weeks, and the second chart shows the latest update of the price of corn and other food commodities.
Labels:
food inflation,
US Dollar
Tuesday, May 4, 2021
Friday, April 23, 2021
Inflation and Food Costs Go Even Higher
Yesterday, the price of corn futures rose limit up. "Limit up" is the most any commodity is allowed to move in a single day. But today, after moving modestly lower overnight, the price of corn (and other food commodities) rose and closed even higher.
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