If you’ve noticed your receipt from the grocery store seems larger than usual, you have food inflation to thank.
While the prices of everything usually go up due to regular boring inflation, commodities like food have outpaced other goods.
Matthew Boesler, Business Insider reporter, says food inflation is increasing because of a few different factors.
“A lot of it is due to weather. We have a big drought in California. We’ve had dry conditions across the Midwest, the Great Plains regions,” Boesler says. “The extreme weather events serve to disrupt crop supplies. and that can drive prices up.”
“Another factor you have is the ‘financial-ization’ of these commodities markets,” he says. Hedge funds and other investors are increasingly pouring money into goods like beef and coffee. “It’s very easy for an investor to bet on rising commodity prices. And no one really bets on those prices going down, so you have a lot of one-way money flowing into these markets, and they can become quickly overwhelmed because [investment markets are] not designed for that.”
Data: Bureau of Labor StatisticsRaghu Manavalan/Marketplace
“Supply and demand sort of governs the price of a commodity, but the way these markets are set up and you know, given how much capital is flowing seeking investment opportunities, the jumps in prices can be very volatile and large.”
A grilled cheese on rye.
Here's an extended look at what's coming up next week:
On Sunday, the final season of "Mad Men" premieres. I had to put on my go-go boots and pour myself a martini for that tidbit.
On Monday, while we all drink heavily at a business meeting we've dressed up and styled our hair for, the Commerce Department is scheduled to report retail sales data for March.
On April 14th, 1939 John Steinbeck's "The Grapes of Wrath" was first published. The depression era novel went on to win the Pulitzer Prize. Speaking of the Pulitzers, Prizewinners are scheduled to be announced on Monday.
Did consumers pay more or less for stuff in March than they did in February? On Tuesday, the Labor Department issues its Consumer Price Index. And it's tax day. An American tradition.
That brings us up to hump day. We'll get numbers on construction of new homes for March. And the Federal Reserve releases its latest Beige Book summary of commentary on current economic conditions.
Wondering why I'm not talking about any hearings on Capitol Hill? It's because Congress is on recess.
Markets are closed for Good Friday.
Television host and comedian Conan O'Brien turns 51.
And since we here at Datebook love cheese, let's end with this deliciousness: April is National Grilled Cheese Month. Start melting.Marketplace for Friday April 11, 2014by Podcast Title Datebook: Say cheese... all April longStory Type BlogSyndication SlackerSoundcloudStitcherSwellPMPApp Respond No
For the uninitiated, the term "digital comic" might sound like someone simply scanned a paper copy of their favorite issues of Batman into their computer. The scope of the digital comic world is actually pretty wide, with artists and writers taking advantage of the medium to play around with what a comic can be, and how to distribute content.
Here's an excellent debrief on the world of digital comics. Plus, check out these examples of digital comics that capitalize on the possibilities of the medium.
Among the freedoms of publishing a digital comic is the ability to stretch what a comic can be. The team behind Symbolia, for example, use the medium to tell news stories with sound, links, animations, and interactive charts.
You can check out more about Symbolia here.
Digital comics also allow artists to self-publish and sell their own comics. Artist Dean Trippe's Something Terrible is an autobiographical work about how his interest in Batman helped him cope with being the victim of rape at a young age.
You can read more about Trippe's story here.
Free download of first issue
Not unlike the mobile game model known as "freemium," publishers of digital comics will sometimes offer a first issue for free in the hopes that readers will be hooked enough to purchase subsequent issues.
The critically-acclaimed "Saga" series, for example, offers its first issue free for download here.
There's also the option of subscribing to a series, which is not unlike subscribing to a newspaper's phone or tablet app. In addition to regularly receiving new issues, subscribers often have access to classic comics that have been uploaded by the publisher. Access to Marvel's annual subscription costs $99.
You can check out more about Marvel Unlimited here.
Once you're all done with your taxes, it's the season for spring cleaning. Organizing ... decluttering your house ... throwing out old furniture, money can work the same way, too.
Personal finance expert Farnoosh Torabi gives us her recipe for a productive financial spring cleaning.
Automate your bills: “Automate your bills because that means less stress. It’s minimizing your financial burdens ... Also, to make sure you’re always paying your bills, never getting behind.”
Go paperless: “This is something as a country we’re doing more and more of, but some of us are a little bit behind ... That will help to declutter and give some piece of mind.”
Hold onto three (or six) years worth of tax documents: “If the IRS does come a knocking with an audit, they will want to see the last three years of your records, and all your supporting documents. The one exception, you have to answer this honestly, if you’ve been underreporting income and the IRS audits you for that reason, they can go back as far as six years. So if you’re somebody that takes a little bit of risk with your reporting, and pushes the envelope, make sure you have even more support and backup.”
Look ahead: "Spring is a time when we’re looking ahead. A lot of families perhaps are thinking about a home, people are buying cars, applying for loans for school, so this is a good time to get a firm understanding of where you stand credit wise. Go check your report at annualcreditreport.com (and that’s free!)."