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1lb of lobster: $6
You won’t find lobster in the consumer price inflation basket but could surging costs of the luxury crustacean could be a sign of brewing price pressure? Lobster prices hit $6/lb this week, their highest in 11 years. Increases are being put down to the popularity of lobster rolls, now a feature at burger chains, and increased demand in markets including Japan, Korea and Thailand. (LMJ)