With the efforts of BO, the Congress, and Progressives everywhere, the federal budget, the federal debt, and the Fed. balance sheet would seem to be doing all that would be necessary to push consumer prices upward very fast. My question is, “What are prices doing?”
The statistic offered by our friendly federal government, the CPI, suggests that there is little in the way of prices rises. Food prices, according to the CPI are volatile, but not soaring upward. The shadow stats offered as a more realistic indication of inflation shows something higher reaching 6 to 7%. If this is so, people would be starting to make some noise, I think. There are a number of people who are forecasting hyperinflation within the next few years. On the other hand, there are many analysts who maintain that we are staring deflation in the face
My approach has been to suggest to people that they pay attention to their own situation to assess what is happening. Hence, this post.
Readers, what are you seeing in your own shopping? Are you seeing prices moving upward? Significantly? Please respond. Thank you.
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