Food Prices Rising
In my area Pittsburgh, PA, food prices really seem to be increasing
especially for beef. It is hard to get any hamburger for less than two
dolllars a pound. Spare ribs on sale last summer were around $1.59,
but now on sale they are around two dollars, and the same for pork
chops. Then I read in the paper that the Russian wheat harvest is in
trouble, and that bread prices will probably rise between twenty and
thirty percent.
Of course the headlines mention economists who are worried about
deflation rather than inflation. I guess they have not gone to the
store lately.
Tom
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