Mike's Minute: Our economy is an increasingly large hole
Right, let's deal to the economy.
There were two interesting things yesterday.
The first was the food price inflation number showed it is not contained.
Why it is increasing beyond broad inflation is a many and varied thing, and the upside of these numbers is we can control them to a degree.
You don’t have to buy chocolate, given cocoa is through the roof.
You don’t have to buy butter, or a lot of dairy.
Vegetables are up, but that is seasonal. Seasonal fruit and vegetables are always reasonably priced.
Water though, which was the second thing, is not a luxury. Our bill arrived…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.