Inflation, that is. It’s become so pervasive in Russia that Putin is returning to Soviet-style price controls. In another example of Mercury retrograde*, Putin will freeze prices today back to October 15 levels on selected types of bread, cheese, milk, eggs, and vegetable oil until after December 2 parliamentary elections. As today’s Financial Times points out, inflation in Russia has already exceeded this year’s 8% inflation target.
Back in late August, I began posting about how Saturn (limitations) moving into earth sign Virgo (basic necessities, workforce population) would spike costs and create shortages. Since September 28 (and primarily until May 9, 2008), Mars is in Cancer. This transit elevates the cost of food and shelter. Jupiter moves from being in optimistic fire to practical earth Capricorn on December 18, 2007. Around that time, central bankers and world governments will have to face the reality that global inflation is a worldwide problem that cannot be ignored.
Financial Times’ “global inflation edition”: I’ve listed the articles below. Go to ft.com; it appears that you can register for free to access the articles. (I subscribe to the print edition, so I haven’t actually done this.)
“Russian food price controls ahead of polls”
“Bread and butter issue: Rising prices may herald the first global food shortage since the 1970s”
I also recommend these articles on Japan’s inflation (Go to the World section, click Asia-Pacific.):
“Cost of living goes up despite deflation”
“Producers to feel squeeze as retailers flex muscles”
Related Posts in the Predictions section:
*Looking Beneath the Surface: Mercury Retrograde in Scorpio (10/4/07)
Bubbles Beyond the Bathtub (9/17/07)
Wheat Goes Wild (9/5/07)
Time to Clean Up: Saturn in Virgo (8/28/07)
Deflated Supply, Inflated Price (8/24/07)