America Floats re: the inflation that’s shows no real signs of slowing, crumbling supply chains, and how the current economic conditions are apparently leading companies like Kraft Heinz, Kellogg’s, General Mills, and others to inform retailer of massive price hikes to come, December 29th…
And get this: these corporations are saying it’ll go up 20%+ from current prices over the next 30 to 60 days from end of December – on top of the inflation we’ve already experienced – plus anticipating another 20% or more after the first few months, meaning a potential 40% to 50% increase over the year.
Not to mention the federal reserve planning to jack up interest rates as many as 3 times over the next year – shit’s gonna be insane.
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Reblogged this on Sutter Media.
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