WOW! That's a High Price!
That title comes from a Staples ad, in which a store customer looks at the price of a given item and shouts, “Wow! That’s a low price.” Well, I’m doing just the opposite.
I’ve been warning that food and fuel prices were going to rise sharply, and the cows have come home to roost.
The increases at supermarkets may have seemed subtle to some, but you’ll be noticing that vegetables, in particular, now cost a good deal more than they did just a month ago—in some cases double what they fetched before.
In fact, food prices have taken the express elevator up at a pace (3.9%) we haven’t seen in 40 years. In addition, the Producer Price Index rose by 1.6% in February. That’s twice as high as…
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