calcrat.com » inflation http://calcrat.com/articles Clever Rats Win the Race Wed, 02 Jan 2008 19:57:22 +0000 http://wordpress.org/?v=2.8.6 en hourly 1 Inflation in Oil and OJ http://calcrat.com/articles/index.php/inflation-in-oil-and-oj/ http://calcrat.com/articles/index.php/inflation-in-oil-and-oj/#comments Wed, 02 Jan 2008 19:55:56 +0000 calcrat http://calcrat.com/articles/index.php/inflation-in-oil-and-oj/ So – I went to a neighborhood grocery store yesterday – a national chain in a suburban area, and Orange Juice was $6.69 per gallon! Yes, almost seven bucks for a gallon of OJ. I always hate to make a point with a single anecdotal data point, but you just have to look around the isles to see that you can’t get out of a grocery store without handing over a ton of cash. Anyone who doesn’t think inflation is on the rise is looney.

Oil hit $100 today for the first time. That is from a low of $10.72 in 1998. All the while, the US Federal Reserve bank is contemplating further “substantial further easing of [monetary] policy.” This just means that the government is planning to continue to attempt to hold interest rates down, flooding the economy with cash, and more dollars floating around chasing the same amount of goods in services means in short: higher prices.

Orange Juice Prices Spike
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