Wednesday, March 16, 2011

Food Prices Highest in 36 Years. AP Says Inflation Is "Tame."

Leave it to the Associated Press to give you a pitch like this.

"Wholesale prices jumped last month by the most in nearly two years due to higher energy costs and the steepest rise in food prices in 36 years. Excluding those volatile categories, inflation was tame."

Whew! Overall, our inflation problem is "tame." So, kudos to President Obama, his economic stimulus and his crack team of financial experts.

It's just in those "volatile categories" that there's a bit of disappointment -- just little things like food for your family, energy to heat and cool your homes, gasoline to run your cars, and fuel to keep what few manufacturers we still have in operation.

Food prices the highest since Nixon? Gasoline nearing $4 bucks a gallon, even in the Midwest? New home construction at its second lowest in the last 50 years?

Not to worry. This is just "tame" inflation doing its thing.