Thanks for the breakdown. In Australia, we are really only seeing the early stages of food inflation, it has crept up because, covid.😉 but its just become noticable, across the board.
It feels like we are running behind USA by about 9-12months. Or we are ahead by the same😉
Regardless, I think pur energy prices will go skyrocket within the next 6months.
Other than pasta, my food prices have been pretty steady. Chicken, hamburger & pork periodically go on sale, so I stock up, cook & freeze. In fact, lately even bacon has been on sale, so I've been indulging a bit there.
It's heating I fear for. Maine winters are not for the faint of heart. So far, tho, propane has been holding steady so my plan is to rely on my propane backup heater for kitchen, bath, family room & bedroom, & let rest chill. I'll save the oil for the below zero weather.
Jun 15, 2022·edited Jun 15, 2022Liked by Peter Nayland Kust
This is very simple. If you increase the money supply, you increase inflation. The Federal Reserve (which is NOT a Federal agency, BTW) printed TRILLIONS of fiat currency in a few short months. Guess what that means - INFLATION. Nothing else matters.
Thanks for the breakdown. In Australia, we are really only seeing the early stages of food inflation, it has crept up because, covid.😉 but its just become noticable, across the board.
It feels like we are running behind USA by about 9-12months. Or we are ahead by the same😉
Regardless, I think pur energy prices will go skyrocket within the next 6months.
Other than pasta, my food prices have been pretty steady. Chicken, hamburger & pork periodically go on sale, so I stock up, cook & freeze. In fact, lately even bacon has been on sale, so I've been indulging a bit there.
It's heating I fear for. Maine winters are not for the faint of heart. So far, tho, propane has been holding steady so my plan is to rely on my propane backup heater for kitchen, bath, family room & bedroom, & let rest chill. I'll save the oil for the below zero weather.
This is very simple. If you increase the money supply, you increase inflation. The Federal Reserve (which is NOT a Federal agency, BTW) printed TRILLIONS of fiat currency in a few short months. Guess what that means - INFLATION. Nothing else matters.