The latest from Gonzalo Lira: Ballsy or Crazy? Where are We on Inflation and Hyperinflation. (Be forewarned that Mr. Lira uses some crude language.)
Reader Brett G. sent us a snippet from an e-mail that he received from a friend who lives in Alaska: “[Rapid price inflation is] really happening up here [in Alaska], overnight: $3.91 [per gallon] for gas $4.89 [per pound] for butter and that was with it ‘on sale’. Milk is $3.89 [per gallon]. It had been $2.99 [per gallon] until this week. Plant seeds! Get ready. Tomatoes will be $7.75 per pound soon, but people just aren’t listening. They will be so un-prepared…”
Stacy C. sent us a television news piece on unprecedented food price escalation.
World Bank: Food Prices at “Dangerous Levels”
Brett G. highlighted this piece: UK Inflation Surges to 4%, Highest Since Nov. 2008
UK: Official Statistics Hide True Increase in Cost of Living