Have You Noticed How Fast Your Grocery Bill Is Rising?
Remember the pictures of Germans going to the store with wheelbarrows full of money just to buy a single loaf of bread in October 1923?
[German+Worthless+Money]
Well, in the United States, a pound loaf of whole wheat bread cost 24% more than a year ago in August, according to the Bureau of Labor Statistics (BLS). General Mills is shrinking the size of its cereal boxes, but holding prices the same; mega-baker Sara Lee upped its prices across the board by 5% in September. Unless Congress builds those firewalls which LaRouche has laid out, this is only the beginning: the price of wheat just hit a new record of $9.38 this morning, more than double what it cost last year, while oil hit a record high (over $81 a barrel) on London markets today, and, at over $83 a barrel, is heading back to last week's record of $84 on New York markets.
A gallon of whole milk cost 26% more this August than August the year before, according to the BLS. Illinois corn and soy prices are 40% and 75% higher than last year, respectively, and Kansas wheat is up 70% or more, today's Wall Street Journal reports. Wholesale prices for chickens in the U.S.' number one poultry producing state, Georgia, have hit a new record, 15% more than a year ago.