Food Inflation News #1
Posted by Frugal on February 12th, 2007
I guess the news is coming much sooner than I think it would. Baked good prices may rise more!! My last article on agricultural product inflation was for 2008 news headline. But food inflation is already slowly creeping into our everyday life. I advocated buying ADM stock in my previous post, and it went up by more than 10% the next day. Did you get a chance to ride the bull before it took off?
If you have some storage space, it probably won’t hurt to stock up some unperishable food assuming that your return will be higher than the interest rate in the bank. Or at least for emergency purpose. I hope the wage inflation will go up enough for everyone out there,
. At least, the minimum wage has increased from $5.15 to $7.25 per hour over next two years, a 20% salary boost per year. Just wish I could get half of that percentage increase. But ALL these American workers fully deserve/need every cent of increase.
Posted by “Frugal” at My 1st Million At 33.com.
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