Inflation Watch:

Deflation Delusion Continues As Economies Trend Towards High Inflation

Reader Kimberly S. notes: “I noticed a dramatic increase in the cost of butter at Costco. Last summer the combination package of 4 one-pound boxes of butter was about $4.49. That was the lowest that I had ever seen butter at Costco. Today, the same 4 pound package was $8.99.”

UN calls meeting on food price concerns

How Hyperinflationary Hell–And Commodity Heaven–Will Happen Before the End of 2011