When I was growing up, we called it loaf bread. Some folks called it white bread and a few called it light bread, but my family called it loaf bread. I live by myself and don't cook a lot of biscuits or corn bread so now I eat a lot of it and just call it bread.
Back last March 13 I started doing my grocery shopping at ALDI. One of the first things that caught my eye was the price of loaf bread. "Enriched White Bread" was 49 cents per loaf. Later on in the year, the price was raised to 59 cents per loaf. Monday, when I bought groceries, I paid 69 cents per loaf. This morning I was reading an article on Yahoo News about inflation. The article said that "inflation is the worst that it has been in 17 years". "Consumer prices rose by 4.1 percent for all of 2007, up sharply from a 2.5 percent increase in 2006". That got me to thinking about the price increase of bread at ALDI. What was a 49 cent loaf now costs 69 cents, a 20 cent increase. By my calculations, that is 40.8 percent inflation in 10 months. If the trend holds up, it will be an annual rate of about 49%.
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