There is no inflation if you don’t eat poultry, fish, eggs and other meats.
According to the St. Louis Federal Reserve, the consumer price index for all urban consumers in this area has been soaring over the past five years.
If you want to talk about income inequality and aiding the poor then you certainly have to talk about the growing food price inflation and how it’s hurting everyone. Soon we’ll all become vegetarian (SEE: Will food price inflation lead to Americans becoming vegetarians?), which may, indirectly, be a good thing!
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Plenty of other things have gone up also, the large package of bath tissue that I buy at Sam’s Club increased $2.62 from the price I paid 2 months ago. We all know the lower gasoline price is why the government can say no COLA. The government has come up with a system that continues to under report inflation, saving it money. Now that the average MPG is over 25 for many cars, gasoline needs to carry less weight, because we are buying less, so the lower price is not saving us that much each month.
Nailed it!!!