My wife came home from grocery shopping last week and informed me that prices are rising. I agreed and told her that food inflation was hitting 10 percent in some categories.
For the past few months, I’ve been warning you about inflation: Food inflation, fuel inflation, ammo inflation, and inflation because of shortages caused by supply chain problems. An article in the Wall Street Journal adds yet another cause of inflation: Chinese companies are raising their prices in part because of higher commodity and shipping costs.
If you are not seeing inflation in your grocery shopping, you will see in in goods made from China. Chances are, you will see it in both, and in many other goods and services as well.
Continue reading “Inflation on the Rise Across Multiple Segments”