Worries of inflation escalated Thursday after a white-hot Consumer Price Index of 7.9% was recorded. While news outlets are focused on crude, and crude-derived products, they are missing the big inflationary pressure — logistics prices.
The rise in black gold has pushed up the price of bunker fuel, jet fuel and diesel. All of these cost increases will be folded in to the logistics bill of any item imported. This means the inflation you are seeing now on the shelves in grocery and retail stores...
