It causes hoarding and speculation which leads to price distortions, i.e. it is self- perpetuating.

FORBES: 10 Sins Of Inflation

To ease concerns, the central government is trying to increase production of vegetables and stamp out hoarding and speculation.

FORBES: China's Galloping Inflation

The government's consumer watchdog accuses them of hoarding and speculation, complaining that they are selling under the counter to restaurants at a higher price.

ECONOMIST: Venezuela's economy

Rising food demand has many causes, from raised climate instability to demographic growth, to urbanization (loss of subsistence production), to higher emerging market (particularly Indian and Chinese) living standards, to speculation and hoarding, and so on.

FORBES: High Commodity Food-Price Decade Challenges All Global Managers

It fuels speculation and hoarding, as well as misdirects investment into normally uneconomic activities or stops the flow of productive investment altogether as people and businesses clutch their cash.

FORBES: We've Seen This Movie Before

Inflation is a destructive distorter. it fuels speculation and hoarding, as well as misdirects investment into normally uneconomic activities or stops the flow of productive investment altogether as people and businesses clutch their cash.

FORBES: We've Seen This Movie Before

The global shortage of cotton led to a speculation that the cotton prices would rise further resulting in hoarding by traders creating an artificial short-supply and driving the prices up in the futures market.

FORBES: King Cotton Getting Cheaper Would Send Aeropostale To $36