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“We are seeing a fundamental level of price inflation, higher than the 1980s and 1990s,"...

“We are seeing a fundamental level of price inflation, higher than the 1980s and 1990s," says General Mills (GIS) CEO Ken Powell. As for food companies passing along higher costs, “you have to play all your other cards first," says Nestle (NSRGY.PK) CEO Paul Bulcke.
Comments (11)
  • LOL! Other cards? Like 'value deflation' - more for less. Smaller packaging, less quantity, poorer quality. All for a higher price sticker.
    Who are they fooling? The consumer knows whats happening. Inflated prices in the food sector are becoming a real problem, as may be seen in the food riots around the globe, resulting in regime changes.
    All compliments of the Fed and printing, causing devalued currency induced cost push inflation worldwide.
    2 Feb 2011, 11:40 AM Reply Like
  • Gee Don I guess you hit some nerves out there. I can't see why you have been punished with all the thumbs downs. I like your post. F em.
    2 Feb 2011, 04:37 PM Reply Like
  • cbc,
    That's just the "13 thumbs down" troll. It's likely one person with multiple accounts. Talk about no life...
    2 Feb 2011, 04:41 PM Reply Like
  • Ah yes,

     

    I see that you are one of the trolls favorites as well. It must some pathetic jealousy as the troll is hammering the sites favorite posters. Like I said F it. Cheers and good trading!
    2 Feb 2011, 04:57 PM Reply Like
  • with Ben Serial Printer Bernank in charge we sure will see high inflation. Anyone say 10-20%+ high.
    No doubt the container content charade is coming to an end.
    At some point we all will have to feel the pain that Bennie boy and the politicians have tried so hard to shield the sheeple from.
    BUT the game is near over and reality will hit the sheeple like a brick wall when eggs milk meat veggies and energy (oil--gas) start to lift off in price.
    What we need is a egypt style revolution throwing out all the bums in office and restructuring the govt and fed policies.
    2 Feb 2011, 12:01 PM Reply Like
  • wow, first Whirlpool today, now General Mills?

     

    Don't they read the CPI?

     

    They are so silly with their "compressed margins" fact stuff.

     

    Chalk it up to another "All roads lead to Bernanke" moment.
    2 Feb 2011, 12:03 PM Reply Like
  • Had to laugh it this one. Noticed that we can now drink the same Apple Sauce where we used to need a spoon.

     

    Some brilliant scientist discovered that if you shape the bubble gum into a star shape instead of a barrel shape, it looks like the original gum when in the package, but now only has 75% of the gum.

     

    We could go on and on... Waiting for gas to be sold by the quart for the low, low price of 2.90 a quart.
    2 Feb 2011, 12:43 PM Reply Like
  • Don't know if you are old enough to remember, but, Shell tried pricing gas by the liter in the late70's or early 80's. Consumers hated it so they stopped. It might be back.
    2 Feb 2011, 01:42 PM Reply Like
  • Mr Bernanke, he's a liar. LOL just watch!

     

    www.zerohedge.com/arti...
    2 Feb 2011, 12:58 PM Reply Like
  • Nice to see a man stand up and tell the truth and call someone a liar at the same time. There are still some real men left on this planet.
    2 Feb 2011, 05:01 PM Reply Like
  • And the Fed will be the last to know.

     

    Or at least the last to admit it.
    2 Feb 2011, 01:00 PM Reply Like
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