Why you should be extremely scared by China’s food price inflation

Posted on November 22, 2010

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If you listen to the Fed, inflation is non-existent, especially when you strip out “volatile” items like food. That’s fine and good, as long as you don’t have to eat…

But, of course, everybody has to eat; that’s why policymakers around the world were alarmed by China’s recent CPI report, which showed food prices rose 10.1% in October. A separate report showed a basket of produce rose a shocking 62% on a year-over-year basis in the first 10 days of November.

via You should be extremely scared by chinas food price inflation: Tech Ticker, Yahoo! Finance.

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