I read an article today that I thought you all might find interesting. According to Phil Linderman of The Frugal Blog, we’re in for some economic inflation on everything from Cotton to Coffee. Here are some of the items he brings up as at-risk for inflation after a discussion with Dawn Thilmany, a professor of Agricultural and Resource Economics at Colorado State University.
Although costs have already begun to swell, the cotton ship hasn’t yet sailed. T-shirts, towels and bedsheets prices will be safe well into spring and summer.
Not only could a $10 Hershey’s bar be the norm, chocolate drizzle, chips and flakes will become a thing of the past, all thanks to inflationary pressure.
3. Sugars and Sweets
According to a recent article from Bloomburg, sugar is the driving force behind the highest worldwide food prices in history.
Expect supermarket coffee to jump in cost as well, though not as sharply.
5. Cereals and Grains
On the grain side, Sara Lee and Kraft Foods announced they’ll bump prices on certain products.
He finishes the article with an ominous prediction:
What does this mean for the bluefin? If the Tokyo auction is an indication, people will still pay to eat an animal into extinction, no matter the dollar price. Demand will, in effect, wipe out supply. Food for thought.