Corn Commentary

Understanding Inflation

One of the benefits of the Internet is that traditional media can use it for projects that just don’t technologically fit with their format. Here’s a fascinating example from the New York Times, especially when we’re looking at this debate over food prices.

You can drill down into each piece of this pie chart, wherein you learn that fuel prices have increased much more dramatically between 2007 and 2008 than food prices. And the chart itself says … “The high price of oil is a factor that has made food prices rise quickly.”