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When hedge funds go farming

Posted on 25 May 2011

Price hikes resulting from the increased cost of food are challenging restaurateurs and consumers alike. Manhattan restaurant Mario Batali’s Del Posto is charging 21 percent more per meal since October, and similarly Gordon Ramsay at The London is charging sixty-nine percent more since last month, as reported by Bloomberg food critic Ryan Sutton.
Worse still, some believe that inflation has gone under-reported. Under a calculation used prior to the Boskin Commission’s 1996 reworking of the CPI formula, inflation would be much higher……………………………………….Full Article: Source


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