Pierre M. was the first of several readers to send this: Wal-Mart CEO Bill Simon expects inflation. Reader Joe P. noted: “I can’t think of any private or government entity in a better position to recognize inflation than Wal-Mart.”
Reader Mark F. reports: “I went to our location Tractor Supply Store this week to buy some T-posts to put up some more fencing for my livestock and I got a surprise. Last May I paid $3.69 for 6 foot posts. Those same posts are now $4.79 apiece.”
Food Commodities Surge Seen Swamping Consumers with Inflation. (Thanks to Bryan E. for the link.)
The Washington Times reports: Gasoline up 100% under Obama.
Eurozone inflation jump bolsters rate hike view.
India’s food inflation at 9.50 percent year-on-year on March 19.