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Doom
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Do You Believe There is Food Price Deflation? Mish vs. Consensus - Mish - Global Economic Analysis

You covered the burrito index, which I think is a more fair representation of actual prices that most people pay. I use the taco index, myself. When I was a kid, tacos were a quarter, or 4 for a dollar. When I was at university, it was 3 tacos for a dollar at Taco Bell.

Now they're 1 for $1.20. So, either I'm around 400 years old (to be consistent with government's claims of low inflation), OR prices are heading up. My driver's license says it'll be quite a few years before I apply for SS, and I believe that.

Commented 2929 days ago

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Beginning of the headline :Here’s the question of the day: Do you believe there is food price deflation? The reason I ask is the Wall Street Journal reports Food Price Deflation Cheers Consumers, Hurts Farmers, Grocers and Restaurants. The U.S. is on track this year to post the longest stretch of falling food prices in more than 50 years, a streak that is cheering shoppers at the checkout line but putting a financial strain on farmers and grocery stores. The trend is being fueled by an excess supply of dairy products, mea... Read More

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