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Bloomberg/Tracy Alloway/8-11-2022
“Last year, Pete Strates sat down with a local reporter to talk about the challenges of running a restaurant in the post-pandemic era. What started as a conversation about the difficulty of hiring workers morphed into one about the increasing price of mayonnaise. The creamy condiment, Strates told NBC affiliate WXII, was costing him $200 more per week.”
USAGOLD note: Will lowly mayo supplant the mighty Big Mac as America’s number one inflation indicator? The article cites Jerome Powell’s oft-referenced quote: “We now understand better how little we understand about inflation.” And the impact of rising mayonnaise prices………
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