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Food, Bar Inflation Now Off The Charts In UK
"Disastrous" might be too strong an adjective. It usually is.
But some less severe synonym would probably work to describe February inflation data out of the UK, released on Wednesday.
I'm not going to bury the lede. Food and non-alcoholic beverage inflation ran at 18.2% YoY last month, according to ONS.
That's the highest in nearly half a century of data. The UK government has an indicative model that suggests food inflation might've been higher in August of 1977, but for our purposes, we ca
This part of that last embedded clip hurts every time I watch it:
“…is that (finance) something you’d like to get into?
Umm, yeah I wouldn’t mind, but I don’t know, I’d like to get through Christmas first…”
Victory gardens here we come.