Friday, March 18, 2011

Fighting Inflation With Inflation

Fighting Inflation With Inflation - WSJ.com:
 "Great news in the war on obesity!
'The 3.9 percent increase in food prices last month is the largest monthly jump since 1974,' reports Washington's WUSA-TV:
9NEWS NOW bought eggs, milk, and bread at a Giant supermarket in Washington, DC, on October 1st. The same items at a Wisconsin Avenue Giant in the city on Wednesday night showed the increases.
Milk had increased 15 percent. Bread was up 19 percent.
Eggs remained at the same price.
Economists were predicting Wednesday that American consumers will be paying about five percent more for food next fall than they did last fall."

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