Middle East Mirrors Great Inflation Revolutions Since 1200 A.D. (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.
Thousands protest against high food prices in Delhi
Frequent content contributor C.D.V. sent this: Stagflation 2011: Why It Is Here And Why It Is Going To Be Very Painful