You can't blame inflation on commodities

Reader comment on: House Majority Leader Warns of Inflation

Submitted by Lyle (United States), Aug 28, 2014 14:21

The Economist commidities index is down 3.1 % year over year, food is down 5.6%. Nor can you blame oil which is down 13.8% Further corn is down from 7.50 in 2012 (due to the midwest drought) to 3.57 today.

Folks have been crying wolf on inflation since 2009 at least. None of the smart money sees it coming. If you believe the theory in the great wave, that big inflations are caused by rapid population growth, this is consistent, the world population growth rate is declining, thus the demand is not rising as fast.

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Other reader comments on this item

Title By Date
Inflation and Money [64 words]Clyde L. DotsonSep 12, 2014 23:58
food price [45 words]ibrahimAug 29, 2014 03:14
⇒ You can't blame inflation on commodities [95 words]LyleAug 28, 2014 14:21
On the food front [69 words]LyleAug 27, 2014 23:51

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