Saturday, February 19, 2011

Is Inflation Around the Corner?

The possibility of inflation in the coming months has been a little talked about item, unless you are a listener/watcher of Glenn Beck. Inflation is coming, and we are already seeing it. Gas just shot up $0.15 in the last three days in my local area. Commodity prices have been going up in recent weeks, which will impact the cost of nearly everything from the food we buy to the appliances. Milk has also gone up about $0.20 in the last several weeks.  Now it looks like clothing prices are about hit the launch button.  Clothing manufacturer are expected to increase their prices 10 to 20% in response to the increase cost of cotton and other materials used to make your favorite jeans.

No comments:

Post a Comment