Plebeian Inflation Report Feb 2011 - Food, Clothing, and Apartment Prices to Rise 10% to 20%

Who should we believe??  Oh yea, rent prices at Post Apartments are being raised approximately 20% for the year 2011.  But that's just one data point.  Surely, not everyone will raise their rent prices 20%... right??  If so, what will become of the summertime poolside redneck riviera festivals??

"Inflation is expected to persist below the levels that Federal Reserve policymakers have judged to be consistent... Overall inflation is still quite low and longer-term inflation expectations have remained stable" 

-Ben Bernanke 2/9/2011 

"Cotton has more than doubled in price over the past year, hitting all-time highs. The price of other synthetic fabrics has jumped roughly 50 percent as demand for alternatives and blends has risen. Clothing prices are expected to rise about 10 percent in coming months, with the biggest increases coming in the second half of the year... 

Mom-and-pop stores are most vulnerable because they have less power to negotiate better prices with suppliers than, say, Wal-Mart Stores Inc... Mary Hutchens, owner of Full of Beans, a 25-year-old children's clothing store in Chevy Chase, Md., worries that price increases could be a death blow. She said she has to discount heavily to stay in business and isn't sure she'll be able to pass along the costs."

-Associated Press 2/14/2011 

(Thanks for killing small businesses)

Edit:  I forgot to include that Kraft & General Mills (and presumably other food manufacturers) plan to raise prices... due to (drum roll) rising food prices... yay!