Grocery prices skyrocket faster than official inflation

David Gutierrez, staff writer of NaturalNews.com, states in his article that:

Grocery prices increased at more than 50 percent the rate of inflation in 2010, according to data from the U.S. Bureau of Labor Statistics.

Food prices increased an average of 1.7 percent between November 2009 and November 2010, in comparison with a general inflation rate of only 1.1 percent. The greatest price increases were seen among meat, poultry, fish and eggs, which went up in cost by 5.8 percent. The price of sugar and sweets increased 1.2 percent, the price of fats and oils increased 3 percent and the price of dairy-based products increased 3.8 percent.

The only commodities to go up in price more than food were medical care and transportation.

From our research here at LA 4 Liberty, Education (Universities and Colleges) is the only sector in America to have price increases greater than food and medical care over the past several decades.  We believe a bubble is about to burst in that sector, because the increases are due to the student loan subsidies from the Federal government.  Student loans now make up the majority of personal loan debt in the US.