US Inflation: 3 big questions
Posted by LeGianT on June 20, 2008
Uncle Sam says the cost of living isn’t out of hand. Then why do you feel like you’re living hand to mouth?
Crude oil is trading at $135 a barrel. Global food prices are so high that they’ve triggered riots in some poor countries. No wonder many sharp-eyed market observers worry that the two-decade stretch of low inflation is coming to an end.
That’s hardly certain, but the risk is high enough and immediate enough that you need to confront some serious questions about today’s landscape. For most of us, those questions about inflation boil down to these three:
1. How bad is it right now?
2. How bad will it get?
3. How will it affect me?