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Contrary to some monetary policymaker protestations, we believe the rise in food and energy costs is highly unlikely to be temporary,” said Joe LaVorgna, chief U.S. economist for Deutsche Bank. “To be sure, food and energy prices are extremely volatile, but this does not mean that these prices tend to decline.”
Since 1987, there has never been a five-year period where food and energy prices declined on an annualized basis, according to LaVorgna’s calculations.
I read a report where last year food rose 1% according to the government. Now if you shop at the store, as apparently these folks don't, you know that is pure BS. Next year it's supposed to go up 4-5% according to this same report. Better stock up.
Even at Wal-Mart the food prices have increased significantly more than 1% Can someone give me the food store name where prices increased only 1% There has to be some, somewhere the government says so with their CPI
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Ugly truth for The FED: inflation pressure here to stay
