Aussie CPI inflation shocks economists
-
The Australian Bureau of Statistics (ABS) has released the consumer price
index (CPI) for the March quarter, which recorded a headline inflation rate
of ...
2010-08-03
Wheat has liftoff
This is how a hyperinflation would kick off, with a rapid run-up in commodity prices. Or, if due to inherent supply-demand issues, the increase in one commodity's price means producers and consumers have to cut back somewhere else (or cutback on their wheat purchases specifically). Either way, this is worth paying attention to.
Here's Elliot Wave International with a short story on wheat. Market Insight: Fasten Your WHEAT Belts. It says the July move in wheat was the largest monthly gain in 50 years.
Labels:
agriculture,
Elliot Wave
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