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Fed says no inflation. USDA says food inflation picking up substantially http://t.co/J5wO2Xj1cNThe USDA reports:
- Pippa Malmgren (@DrPippaM) August 24, 2013
Food prices have also been rising faster than in earlier years, and food price inflation has easily outpaced price inflation for many other types of goods. Among major consumer spending categories, only prices for transportation, which include a number of energy price measures, and medical care have risen faster than food prices[...]
Since 2006, when commodity prices began their rollercoaster ride, the all-items CPI has risen 14 percent while the all-food CPI is up close to 20 percent. The wider differential in the post-2005 era means that a number of the macroeconomic inflationary factors have been specific to food prices. This effect was largely due to rising U.S. farm prices for corn, wheat, soybeans, and other food commodities
Comment: The candidate shows little understanding and compassion for those on the bottom rung of the economic ladder. But that is not surprising given that most politicians are only interested in pleasing their masters at the top. Scant attention is given to the fact that unemployment and poverty are both at record levels, and in many cases the only jobs available are at low-wages and cannot even begin to support a single person, much less a family. Yet this candidate, backed by the Koch brothers, will undoubtedly work to suppress workers rights while further decimating social safety nets. Psychopaths indeed!
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