The Fed claims inflation is too low. But in the US, inflation has become a political problem.
Food prices are soaring:
• Beef. The average retail cost of fresh beef last month was $5.28 a pound, up from $5.04 in January and the highest on records dating to 1987, according to the Agriculture Department and Sterling Marketing…
• Pork. Retail pork prices rose 6.8% in the past year to an average $3.73 a pound in February as beef shoppers turned to cheaper pork options…