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The Three Faces Of Inflation


bottletop
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http://www.financialsense.com/Market/daily/monday.htm

Seatbelts on and assume the crash position.....who said inflation was dead

My weekly grocery bill has gone from $200 to over $300 a week in the last three years. That is significant in itself. However, I am only buying for three people versus five people three years ago. My oldest son has gone off on his own and my middle son has gotten married. My weekly food bill has gone up over 50% even though I now buy for a smaller family. My doctor charges me $80 for an office visit versus $60 the year before. My dentist has raised his fees from $45 to $58 for an office visit. It costs me $12 more to fill my gas tank each week and I’m spending $7 a day at the local deli versus $5 a few years ago. My property taxes just went up significantly and my health care premiums are up double-digits. The last time I went to the movies it cost me almost $60 for just the three of us. The cost of the movie was $29.25 the other $30 was for coke and popcorn.

While my living expenses are going up at 8-10 percent a year, I am constantly told that there is no inflation. Last Friday a Fed governor told the markets that inflation is well contained. There is a dichotomy between what I am told by Wall Street and what I actually experience on Main Street. The media and financial professionals are constantly telling me there is no inflation. Yet, what I experience in daily life shows me otherwise.

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