effect the price of bread at the grocery store, cereal prices. wheat prices continue to go higher. corn prices this heir biggest jump in four years. also those oil fats you just saw on the screen. those are all your cooking oils, vegetables oils. shepard: a box the cereal at my neighborhood grocery in manhattan $6. are you kidding me? is this enough to threaten the global economic recovery. right now it s whether or not the food countries take kraft or general mills whether or not they are willing to absorb those chod at this prices or pass them along to the consumer. they are going to raise the price of baking goods. grocery stores will have to pass along higher prices, finally shepard federal reserve said minutes into the meeting that finally some of those members of the fed think that inflation is now a threat. shepard: inflation is now a threat. imagine. imagine that. shepard: thank you, sandra. at least two people in this country probably don t have to worry about the co