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Inflationary pressure in the US

By Jody Tishmack, Anima/Soul

We are seeing more news about rising inflation,  but in reality the US data isn’t as bad as the news coverage would lead us to believe.  The following table shows the data of seasonally adjusted price changes by month published by the US Bureau of Labor Statistics. Food prices are continuing to rise at about the same rate each month with a total rise of 5% for the last 12 months.  Current shortages of fertilizer and the herbicide glyphosate (which we import from China) could result in additional price increases through next year.  Much of the increase is in meat and processed food.  We can save money on our food budget buying in bulk, particularly dried beans and grains.  Learning to cook vegetarian and vegan meals can also save money on food bills. Not surprisingly, the largest jump in October prices was energy, largely a reflection of the energy crisis in...

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