Consumer Prices in U.S. Increase by Most Since 2009

Re:Consumer Prices in U.S. Increase by Most Since 2009 by RC_ITR on Wednesday May 12, 2021 @02:21PM (#27133463)

Boy would you be surprised to see that food inflation is decelerating and has been since the stimulus started!

https://fred.stlouisfed.org/series/CPIUFDSL

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Re:Consumer Prices in U.S. Increase by Most Since 2009 by zpeti on Wednesday May 12, 2021 @03:40PM (#27134311)

Have you seen the Bloomberg agricultural price index recently?

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Re:Consumer Prices in U.S. Increase by Most Since 2009 by RC_ITR on Wednesday May 12, 2021 @06:59PM (#27136214)

Do me a favor.

Log into your terminal, type in 'BCOMAGSP Index'. Hit Go. Then hit 'Max.'

Look at the spike in 2010.

Then tell me about the runaway food inflation that happened then.

EDIT: Just to be clear on my point: Yes I agree that people are hedging inflation via commodity futures (like they do after most recessions), but that doesn't mean they're right. In the same way stock prices are often a bad indication of a company's actual value.

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