Inflating Away

Hey, remember all those times I said that inflation was coming.  First, was the "crapify" and then would come the outright prices increases.

Yup.

Food prices increased 0.4% after posting a similar jump in February, the Bureau of Labor Statistics said Tuesday. That's the largest monthly increase since September 2011. Beef, pork, poultry, eggs and milk have had the most dramatic price hikes as drought, a virus outbreak and rising exports have thinned U.S. supplies.

Of course, high level economics teaches us to ignore certain categories of prices as very few of us eat food, drive cars or require shelter.  That is why the Fed focusing its energy on crafting capital rules for insurers. 

Back to sleep.