About That Food Inflation Everyone’s Freaking Out About…


From the Business Insider regarding food inflation.

Food inflation in emerging markets — where food is a primary cost of living, and where prices are surging — is obviously a huge issue.
But all this hype about food inflation having a similar impact in the US is surely a joke.
Just for some frame of reference, here’s a 10-year look at sequential food inflation.
Does the current up move look even remotely unusual?

food
Image: St. Louis Fed

Read more: http://www.businessinsider.com/food-inflation-in-the-us-2011-1

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