National, News

Editorial: Inflation Rears Its Ugly Head


Policy Errors: Led by the biggest jump in food prices since 1974, inflation at the wholesale level soared 1.6% in February — a sign, economists say, of even more to come. It’s starting to feel like a rerun of “That ’70s Show.”

As we all worry over Japan’s nuclear disaster and the political meltdown in the Middle East, America faces an equally serious but silent threat from within.

Put simply, wholesale prices, often a trigger for consumer price rises, have taken off. In February, they rose at a 8% year-over-year rate.� (Follow link for more eyeopening details.)

via Editorial: Inflation Rears Its Ugly Head – Investors.com.

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About Prince of Peeps

I'm the little bird on the backyard fence telling the world about whatever is on my mind. Some people may stop to listen, some may not. I call it the way I see it, and tell it the way I think it ought to be.

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