SJC flagged this article: Wholesale prices soared in March [1]. On a related note: I’m sure that you’ve noticed the recent spike in oil to an all-time high [2]. The current retail food prices are based on roughly $80 per barrel oil. Part of food prices includes tractor time, fertilizer (which are primarily petrochemical, these days) and shipping costs. When you factor in $114 oil, further jumps in food prices seem inevitable. I hope that you’ve already stocked up. Ditto for filling your fuel storage tanks.
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James mention that this Wall Street Journal editorial is worth reading: Dollar Alarm [3]
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“Carson” suggested this article from Slate: Here Comes the Next Mortgage Crisis [4]
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