Tag Archive: food prices

Has Inflation Already Arrived in the United States?

For those of you who think inflation hasn’t hit the United States, think again. All one needs to do is visit the grocery store, go to the gas station, or look at the prices of the raw materials used in manufacturing, farming or construction. It’s pretty hard to dispute prices haven’t dramatically risen over the last few years. So why all the confusion about the inflation rate and how it’s affecting prices? The government would like you to believe inflation is under control and right around 3.1% annually, which they…
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Inflation In the United States – It’s Already Here!

inflation is a rise in the general level of prices of goods and services in an economy over a period of time. When the general price level rises, each unit of currency buys fewer goods and services. Consequently, inflation also reflects an erosion in the purchasing power of money – a loss of real value in the internal medium of exchange and unit of account in the economy. A chief measure of price inflation is the inflation rate, the annualized percentage change in a general price index (normally the Consumer…
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