Food-flation

For John, BLUF:  It seems inflation is threatening, but the Federal Government is not concerned.  Nothing to see here; just move along.

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World’s Largest Food Company Will Raise Prices Amid Inflation

From The Daily Wire, by Reporter Ben Zeisloft, 30 July 2021.

Here is the lede plus one:

Nestlé, the world’s largest food and beverage company, announced it would hike prices in response to inflation.

As of June, inflation in the United States reached a year-over-year rate of 5.4%.  Businesses and consumers are therefore seeking to retain their margins in the face of the diminishing purchasing power offered by the dollar.

Inflation is coming, and not just in food and gasoline and Christmas toys.

I hope it won't turn into galloping inflation.  That would be bad for the Middle and Lower classes.

Hat tip to the InstaPundit.

Regards  —  Cliff