Saturday, January 19, 2008

Palm oil prices continue to soar, along with other food oils

The fallout is affecting developing world food costs, biodiesel ideas and much more.

And, here in the U.S., the push for corn-based ethanol has put a smaller, but similar, crimp in soybean oil prices.

This shows why government stats that exclude food from “core inflation” are also idiotic.

I’m sure folks like senior citizens would agree.