What’s truly significant from a consumer’s perspective is that the purchasing power of the dollar has eroded significantly against the things most families spend their money on, seemingly in conflict with the perceived stability of the dollar. On average, the items charted above are 45% more expensive than they were in January 2005, with gasoline costing double. I would expect the FOMC to reiterate today that “inflation has been subdued,” although anyone who goes to the grocery store or drives would likely beg to differ. (USAGold)

What’s truly significant from a consumer’s perspective is that the purchasing power of the dollar has eroded significantly against the things most families spend their money on, seemingly in conflict with the perceived stability of the dollar.

On average, the items charted above are 45% more expensive than they were in January 2005, with gasoline costing double. I would expect the FOMC to reiterate today that “inflation has been subdued,” although anyone who goes to the grocery store or drives would likely beg to differ. (USAGold)

  • November 2
  • , 2012
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