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Politics : View from the Center and Left

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To: JohnM who wrote (149582)	11/11/2010 1:44:02 PM
From: Katelew	Read Replies (2) of 541698

So when the price of eggs, milk, and butter are going up, your grocery bill actually may be flat to down; or even if yours is up other folk who shop at the same store but buy different items may have a different experience. And so on. In terms of economics, what you say, though correct, doesn't matter. If the price of eggs goes up, I could just stop eating them entirely. Does that mean the price of eggs didn't go up? No. Right now commodity prices are going up. Prices of farmland are even starting up again. Sugar at 30 year highs, cotton at 15. Cotton prices will possibly raise clothing prices. Just because a person decides to buy one pair of cotton jeans instead of two won't mean that cotton hasn't experienced inflation.

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