When Rising Food and Energy Prices Begin to Wreak Havoc
January 18, 2011 at 16:49 PM EST
This morning, we see Britain’s consumer price index grew in December to an annualized 3.7%. Fuel prices are growing at their fastest pace since July, and food prices are zooming at a rate last seen in May 2009. Like the US Federal Reserve, the Bank of England has an inflation “sweet spot” of 2%. But [...]
