U.S. Food Inflation Running at 22%

U.S. Food Inflation Running at 22%

California’s abundance of sun and ground water explain the state’s farming abundance but also explains the cyclical droughts. But those same cyclical forces are forming an El Niño condition in the equatorial Pacific Ocean that is expected to hammer the Golden State with torrential rain next year.

The real culprit for food inflation is the $940 billion of additional monetary stimulus from the United States Federal Reserve’s quantitative easing over the last twelve months. Inflation has been in hibernation for a long time, but it is wide awake now. 

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