Thursday, October 18, 2007

What Inflation?

From Bloomberg:

Hershey Co., the largest U.S. candy maker, said third-quarter profit plunged 66 percent and sales unexpectedly fell as it lost market share and dairy costs rose.


Nonfat dry milk prices rose 20 percent from the first quarter and are more than double what they were a year ago, according to Katzman. He is one of 15 analysts who have a ``hold'' rating on the stock. Three others recommend buying Hershey, and two say ``sell.''

But remember -- according to the Federal Reserve, this chart doesn't count when looking at inflation: