Hungarian tabloid Napi Asz is reporting that Brad Pitt, Angelina Jolie and two friends of Brangelina spent 100,000 forints ($500) on an evening meal at Budapest’s first restaurant to receive a Michelin star.
Now that amount may not seem a lot in New York, Paris and Tokyo gourmet dining circles, but it happens to exceed the monthly take-home salary of most Hungarians.
A fellow patron of the restaurant in question, Costes, told the tabloid that the Jolie-Pitts and guests ordered a six-course business menu in a sequestered section of the restaurant. The feast included lobster, turbot and gnocchi with artichokes – washed down with some of the finest wines from the region.
It used to be the best dining experiences in Hungary were not the ones found in restaurants but those that resulted from invitations to eat at the home of a Hungarian friend or acquaintance.
How times have changed.
In the past year the price of cocoa at that same Tesco market has almost doubled.
And the price of coffee has headed 20 percent higher in the past three months.
But since when has anyone ever worried about the rise in commodity prices?
Apparently someone from the Fed has gone shopping in a real store recently.
From a Marketwatch bulletin on the Fed Beige Book Survey released on March 2, 2011:
Some manufacturers and retailers are succeeding in raising prices, one key pre-condition for inflation to take hold, according to the Federal Reserve latest Beige Book survey of economic conditions released Wednesday. Another key inflation ingredient, rising wages, remained largely absent, the Fed survey found.