Prices Are Rising Everywhere You Look

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CNN: Some are tied to commodities, which are getting snapped up as the global economy emerges from its long slumber. Lumber prices are at an all-time high thanks to an epic home-building boom. Copper and steel prices have also reached records.

 “… and he that earneth wages earneth wages to put it into a bag with holes.” Haggai 1:6

  • Agricultural products aren’t exempt. The price of corn is at its highest level since 2012. Same goes for soybean prices. Even sales of block cheese futures have been soaring in anticipation of grilling season.
  • Then there’s consumer products. Diaper prices have gone up in the past year, and two major producers — Kimberly-Clark (KMB) and Procter & Gamble (PG) — have warned customers that fresh hikes are coming. Shortages of computer chips, meanwhile, are helping to push up car prices, and could soon do the same for electronics and household appliances.
This doesn’t just matter for Americans guarding their pocketbooks. Price increases are also being closely scrutinized by investors and economists, who are desperate to know: Is this a passing phenomenon as the country emerges from a once-in-a-lifetime economic shock, or a more sustained trend that evokes the 1970s? Read More

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