I am old enough that I lived through the big inflation in the late 70's. And right now it appears to me that we are embarking down a similar road.
The thing that surprises me most is that most analysts I read and see on CNBC say the same thing, "inflation is not a problem." They must not do any of their own shopping.
I tend to watch the price of things I buy. For example, let’s take the Oreo cookie. A year ago full price on Oreo cookies in my grocery store was $3.39. Now? The price is $3.89. A whopping 14.7 percent increase. I don't know if you noticed this one--the amount of product in a given container. Last year a bag of Hershey kisses weighted 13 ounces, right now? A bag contains 12 ounces. Same price, 7 percent less product. And actually the full price is up more than 10 percent.
Read the Entire Article
