I dropped by CNBC.com today and was greeted by the headline "Bagel index shows bite of inflation". I don't think any of us are really surprised by this... he also asks "What are your real world indicators of inflation?" Mine was always the Meat and Moo Index - dairy products have not stopped rising yet in the last two years, with milk now sitting around $3.29 a gallon, up a staggering $1.10 in only three years. And meat is also now on the rise - hamburger I bought for $5.79 is now sitting at about (get this) $7.29 for the same amount of meat. That's not small change folks.
What do you think? Is Jubak right or wrong? And what are our indicators?
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