Price of 'Fudge' is up---but not the price of Fudging inflation data

A recent trip to India revealed rampant inflation across the board- especially in food and housing. Similar situations can be tracked in China and other high-growth countries. Yet the official "inflation numbers" are worked down. Helicopter Ben continues to pump in money, claiming that inflation is tepid and under control.

Consumer Prices on Most Goods Expected to Rise in 2011 - NYTimes.com: "Cotton prices are near their highest level in more than a decade, after adjusting for inflation, and leather and polyester costs are jumping as well. Copper recently hit its highest level in about 40 years, and iron ore, used for steel, is fetching extremely high prices. Prices for corn, sugar, wheat, beef, pork and coffee are soaring. Labor overseas is becoming more expensive, meanwhile, and so are the utility bills to keep a factory running."