Inflation is Here
January 13, 2011 at 18:22 PM EST
“Prices Soar on Crop Woes” reads the headline in today’s Wall Street Journal. Global output of key crops such as corn, soybeans and wheat is down, and their prices are up, respectively, 94%, 51% and 80% from June lows. Today’s PPI report has wholesale prices up 1.1% in December after rising 0.8% in November. The [...]
