Let's Talk InflationSubmitted by Susan on Sat, 02/16/2008 - 14:19
We have all heard the TV tell us everything is fine....no worries right?
"Food inflation has already hit other countries such as China and Mexico, where public outrage forced governments to declare price freezes. The phenomenon is also hitting the United States where, according to recent figures from BMO Nesbitt Burns, average supermarket prices have jumped 5.6% over the past 12 months, the highest jump since 1990. In Britain, grocery prices are up 6.6% and they are up 4.8% in Europe"