Doing some napkin math, Dollar Tree is raising prices from $1 to $1.25, and Kellogs is raising all prices by 20%. Factoring in 6.8% inflation rate and a 9.6% wholesale price increase, real inflation, I'd estimate, is probably around 14-17%. And that's just for right now, it'll probably get worse.
Doing some napkin math, Dollar Tree is raising prices from $1 to $1.25, and Kellogs is raising all prices by 20%. Factoring in 6.8% inflation rate and a 9.6% wholesale price increase, real inflation, I'd estimate, is probably around 14-17%. And that's just for right now, it'll probably get worse.
Look at the price for nitrogen fertilizer for farmers. Start budgeting for at least a 50% increase in food prices over the next year.