But prices are creeping up. The medias is just ignoring it. Your grocery bag now costs 32% more than it did last year. Obama media howqever, looks at the price of oil and uses that as it's inflation guide. Oil dropped $4 a barrel, so hence there is no inflation in their eyes. Our dollar is hovering around .76.2 cents, down from .95+ cents in January. That alone is a 20 cent reduction in spending power. Plus pump prices for gasoline haven't followed the drop in oil prices like they followed it when barrel prices were rising. You can see from these two things alone the massive amount of inflation that we have had over the past year.
Your grocery bag now costs 32% more than it did last year...
Yes, and the quantity per package is getting smaller, which many have not caught on to.
I don't know where you live, but in America, a dollar has been worth 100 cents for quite some time. Maybe you have something else in mind?
The US dollar index peaked at about 88 in March, now it's about 76.3. About a 14% drop. And only on your foreign purchases. Most people still buy most of their stuff in dollars from American producers.
You can see from these two things alone the massive amount of inflation that we have had over the past year.
Over the past year, we've had deflation.
