Just as everyone had feared, last week's inflation figures were a stunner, and the most appalling thing about them was the high cost of eating. Not only does April's .9% rise in consumer prices mean that the economy is once again in double-digit inflation—11.4% on an annual basis —but food prices are climbing more than twice as fast, 23.8%. The rise is turning the nation's supermarket shoppers into an army of walking wounded and making grossly naive the Administration's January prediction that food prices would...
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