Tuesday, April 27, 2021

This is What is Happening to Prices in Your Grocery Store


The above chart shows what has happened to prices in various food categories based on the Bureau of Labor Statistics data and compiled by The Wall Street Journal.

And it is not just at the grocery store, the BLS reports that fast-food restaurant prices have jumped 6.5% over the last 12-months.

Please note, this is only the beginning.

I continue to receive emails asking about various analysts forecasting deflation. 

I am not sure what can convince these people that we are not in a deflationary period given the data.

The price inflation is primarily the result of irresponsible money printing by the Federal Reserve, mad money printing which continues to the present time.


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