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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 http
by RC_ITR 5y ago
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 https://fred.stlouisfed.org/series/CPIUFDSL
- zpeti 5y agoHave you seen the Bloomberg agricultural price index recently?
- RC_ITR 5y agoDo 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.