Inflation Watch:

Brace yourself for more high inflation, Mervyn King tells George Osborne.

$4.00 Gasoline By The End Of 2010?  

Our friend Fred C. sent this: “Riceland brand rice in 50 pound bags at my local Sam’s Club in Arkansas was $13.95 in July. Then it jumped to $14.60 in late September. Last night I noticed that the pallet with Riceland rice bags on it had 25 pound bags instead of 50 pound bags, and they were priced at $8.95 each. (The equivalent of $17.90 per 50 pounds.)

Gap, Wal-Mart Clothing Costs Rise on `Terrifying’ Cotton Prices

China to subsidize food after price spike

India’s Food price index jumps 10.30%