4um: 23,462 62 Food Price Inflation Accelerates For Seventh Consecutive Month

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Title: 23,462 62 Food Price Inflation Accelerates For Seventh Consecutive Month
Source: [None]
URL Source: https://www.zerohedge.com/commoditi ... rise-seventh-consecutive-month
Published: Jan 10, 2021
Author: Tyler Durden
Post Date: 2021-01-10 01:45:48 by Horse
Keywords: None
Views: 333
Comments: 8

Is it time to worry about food inflation?
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#1. To: Horse (#0)
Yet again ZeroHedge displays its appalling innumeracy. A quick glance at that FAO Food Price Index graph indicates that food price inflation has NOT accelerated for seven consecutive months. The inflation rate -- i.e. the slope of the curve -- was lower in May than in June, and it was lower in December than November. When inflation is accelerating the curve gets steeper. When inflation is constant the curve is a straight line. When inflation is slowing, the curve gets less steep.

StraitGate posted on 2021-01-10 7:52:09 ET Reply Untrace Trace Private Reply
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