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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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From: westpacific	9/22/2007 2:47:08 AM
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Kroger, the largest US supermarket group, said on Tuesday that inflation in its core grocery business is running "at a level not seen in several years," underlining concerns over the broader economic impact of higher food prices. Rodney McMullen, chief financial officer, said that the prices the retailer paid for products increased 21.6 per cent during the second quarter. "We are experiencing inflation across many core grocery and perishable consumer categories," he said. msnbc.msn.com ------ We ain't got no stinkin inflation..... West

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