Monday, May 3, 2010

Inflation On Pace For 24% Annuallyi

Inflation went up 2% in March and if it holds true, means we will have an annual inflation rate of 24%. I've seem grocery prices rise by pennies, nickels and dimes. Gas has gone up. House prices are going up. Some services have gone up.
It's not surprising that inflation has gone up, especially grocery items. Either prices have gone up or packages are getting smaller, or both.
Hopefully, inflation won't get out of control, but I feel it will. I just hope it doesn't become inflation seen under Jimmy Carter.

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