Cost of breakfast foods hits 10-year high

Financial Times/Emiko Terazano and Chelsea Bruce-Lockhart/10-29-2021

graphic image of 1970s reducs coming soon to an economy near you“The cost of food commodities that make up a typical breakfast has soared to its highest point in a decade under the strain of bad weather and supply-chain crunches, providing another in a long list of upward pressures on global inflation.”

USAGOLD note: This is the first we’ve heard of it, but Financial Times has what they call the “breakfast indicator,’ and it is up 63% (!) since 2019 … and the big food companies say prices will worsen before they get better.

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