Wednesday, June 4, 2008

Inflation

http://www.cnbc.com/id/24971551

While I did not live during the 1970's to experience the extremely high inflation, this year is the first time in my life I actually see prices going up every quarter. My grocery shopping is the most notable - besides gas of course. Prices for very common food items have risen greatly this year, rising the cost of my trip to the grocery store from about $100 per trip, to over $120. The most notable items include eggs, orange juice, cheese, milk, bread, and meat.

Recently I saw news reports about how the price of Salmon will rise from around $9 to near $22. I know this isn't technically "inflation" because it is a matter of supply and demand, but I think things like this should be considered regardless.

It is good that our reports show that inflation is much more moderate than our previous generation experienced, and hopefully as the credit crisis straightens up the value of the dollar will go back up, calming down the high oil and gas prices.

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