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Get Ready For Surging Grocery Bills

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A confluence of events is about to emerge in the grocery aisles in the form of higher prices.

First, see the chart below. While the consumer price index (in blue) remains somewhat muted, the Billion Prices Project Index (in red), which tracks prices on 5 million items (things we actually buy), shows prices beginning to surge.

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And then there's the image below, which has been making the rounds. Reportedly, though unverified, this is a message from food distributor Sysco (SYY), notifying customers that the devastating freeze in Mexico has caused many Sysco growers to invoke force majeure. What is force majeuer? It's a contract clause that, when invoked, frees both parties from liability if unable to fulfill the terms of the contract. Bottom line: stay tuned for higher grocery prices.

POSITION:  No positions in stocks mentioned.