Butter Inflation Continues and Few are Aware

On Friday, November 6, 2009, the wholesale
price at which butter traded on Chicago's
Mercantile commodity exchange closed at
$1.50 per pound.

On September 11, 2009, less than two
months ago, butter was trading at $1.17
per pound. A Notmilk column predicted:

"...wholesale price increases will be so
rapid and dramatic that processors will
react with overnight price increases."

"The economic illness that America is
about to experience and the suffering
which follows will be unprecedented..."

http://health.groups.yahoo.com/group/notmilk/message/3385

The wholesale price for butter has
increased 33 cents, or 28 percent in
just 67 days. That's equivalent to
a yearly increase of 153.6 percent.

Why is it that nobody in the news media
seems to have yet noticed the "I" word
when it comes to the higher prices consumers
are now paying for processed supermaket
foods?

Why is it that the "I" word was not a part
of any politician's political platform during
last week's elections?

Why is it that every shopper who keeps
track of supermarket prices and weekly
increases is painfully aware that Inflation
applies to just about everything except
for weekly take home pay?

I paid 49 cents per pound for bananas at
my local supermarket yesterday (ShopRite,
Emerson, NJ). I paid 59 cents per pound
for apples and 99 cents for a head of
Romaine at my local produce store.

It takes no butter to produce apples
or lettuce. Another argument for eating
a plant-based diet during these challenging
economic times!

Robert Cohen
i4crob@...