Middle East Mirrors Great Inflation Revolutions Since 1200 A.D. [1] (Thanks to Mark G. for the link.)
Bobbi, South Dakota notes: “Six weeks ago, I could buy canned Progresso brand soup (ready to eat) for $1 per can. Yesterday it was $2.29. Gasoline (10% ethanol) was $3.06 four days ago. It is now $3.36. The “Cheap” white bread was regularly on sale for $.79 for a 24 ounce loaf. Now it is $.99 (as a “Hot Buy”) for a 16 ounce loaf. Navel oranges are still $.78/lb, but those in the latest batch are very small and even slightly green. Cucumbers and peppers are $1 each, head lettuce is almost $2 per head, and tomatoes are out of our family’s reach at upwards of $3/lb. Thankfully we have lots of garden space and plenty of seed!”
China’s Inflation Exceeds Target for Fourth Month, Adding Rates Pressure. [2]
Thousands protest against high food prices in Delhi [3]
Frequent content contributor C.D.V. sent this: Stagflation 2011: Why It Is Here And Why It Is Going To Be Very Painfu [4]l