The Economic Advisor

Historical Inflation Rates & Food Prices Coming?

Historical inflation rates are not longer just a distant mirage that lays ahead. There is a real likelihood this can happen sooner than later. Wheat prices in 2010 have seen the fastest rise in price for over 50 years. This is just a hint at what we might expect in the future and indicates there is a coming shortage in agriculture very soon.

Historical inflation rates merely work in cycles, but leading studies suggest that another bubble could be forming. If this was to happen, the prices of food, perishables and other commodities would rise significantly. Putting pressure on those already in a financial strain.

With the current droughts in Russia, the prices of wheat in developed nations like Europe have risen almost 50% since the middle of 2009.

Be prepared over the coming years to pay more for the commodities that most of us use day to day and take advantage of. Even smaller items like sugar and cocoa could rise significantly.

The worse thing about the rising cost in agriculture, is that we are at a time when the US government has been printing trillions of dollars and flooding the system with it. Whenever a country has done that, it has always led to severe hyperinflation the track. So there really is a double whammy coming and we are warning our many subscribers of the rough times that could lay ahead.

With historical inflation rates likely to hit us soon. What is more worrying is the fact that many are not seeing these problems and purchasing these items while they are cheaper. Stocking up on these food items is a smart thing to do. Especially if there is ever a food crisis that plays out.

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