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Meat Prices Surge Most In 11 Years

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Zero Hedge
May 15, 2014

Hardly surprising given the surge in beef and pork that we have been noting, but according to the latest inflation data from the BLS, meat prices spike by almost 3% in April – the most since November 2003 (this is also the 2nd biggest price spike in 34 years!) As we noted previously, this soaring food price inflation is not about to stop anytime soon…

Meat Prices Surge Most In 11 Years 20140515 meat 0

 

And just the monthly change: No hedonic meat adjustments here.

Meat Prices Surge Most In 11 Years meat%20prices 0

The Fed ‘meme’ that low-flation is as dangerous as high-flation (thus providing them an excuse to keep priming the pump) is about to run into a problem as the hedonic manipulation of government-provided inflation data runs into the ugly reality of things that we need actually soaring in price…

This article was posted: Thursday, May 15, 2014 at 12:21 pm





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