Inflation Shows Up in Plate of Spaghetti

I read “Greenspan Signals Fed Won’t Raise Rates Soon” (June 11) and learned how pleased Federal Reserve Board Chairman Alan Greenspan is with America’s economy. There is negligible inflation and booming stock prices.

So why did the price of the veal ribs I buy shoot up recently from $2.99 a pound to $4.99? And why has the Italian restaurant I frequent increased the price of a spaghetti meal by 30%? And why does the church I belong to need to do its share by preparing 100 meals a week for the hungry and homeless in Santa Monica? There seems to be a variety of economies in America today.

I wonder if the Fed chairman is aware of this.

LUCIA JAFFE LUFT

Los Angeles