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Hate to say I told you so, but this one could be spotted a mile away. And some of us did. The law of unintended consequences is in full effect as the food price inflation (aka Agflation) I feared is finally here. We're not talking out of control price hikes at this point - but the trend is the trend and our monetary policy is definitely exacerbating it.
From the Wall Street Journal:
Prices of staples including milk, beef, coffee, cocoa and sugar have risen sharply in recent months. And food makers and retailers including McDonald's Corp., Kellogg Co. and Kroger Co. have begun...
More on agflation:
Five dangers to global crops that could send food prices through the roof
AGFLATION: Food prices are exploding higher
The No. 1 commodity story of the next decade may have nothing to do with precious metals
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