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Coming to a grocery store near you: The 2021 price shock


Bloomberg/Megan Durisin and Deirdre Hipwell

Repost from 4-25-2021

graphic image of lines in the sand pointing higher

“This week, the Bloomberg Agriculture Spot Index — which tracks key farm products — surged the most in almost nine years, driven by a rally in crop futures. With global food prices already at the highest since mid-2014, this latest jump is being closely watched because staple crops are a ubiquitous influence on grocery shelves — from bread and pizza dough to meat and even soda.”

USAGOLD note: If true, it could be the first rumblings of inflation hitting Main Street …… The Fed’s 2% line in the sand could go vertical quickly and without warning.

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