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.
Saturday, May 8, 2021
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.
Wednesday, April 21, 2021
Food Inflation This Way Comes
This is the price chart for corn over the past 9 months. This is typical for food commodities during the same period. Inflation is rapidly building!
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