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inflation

the journal of Michael Werneburg

twenty-seven years and one million words

Tokyo, 2008.05.16

I've been reading bits and pieces here and there about inflation creeping into various national economies. Everyone in official capacity denies it, of course.

But Mari and I are seeing prices of small things begin to rise. In staid Japan, where prices have been flat for a decade or more, is seeing even basic foodstuffs like soy milk start to creep up; the size I buy a few times a week just jumped from ¥84 to ¥95.

rand()m quote

The wise are instructed by reason, average minds by experience, the stupid by necessity and the brute by instinct.

—Marcus Tullius Cicero