FOOD PRICES FACE “an inflationary tide.” “Prices of staples including milk, beef, coffee, cocoa and sugar have risen sharply in recent months.”

UPDATE: Various readers say it’ll only get worse as the new round of “quantitative easing” kicks in. Well, when dollars are worth less, a loaf of bread costs more dollars.

Meanwhile, at Forbes, more cheery news: Look At The Real Numbers, The Recession Never Ended. Stagflation is back?