10 Things You'll Be Paying More for This Year

Discussion in 'Current Events' started by Shadow, Mar 19, 2011.

  1. Shadow
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    Shadow BANNED

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    10 Things You'll Be Paying More for This Year

    One step forward, one step back. That's the story of the American consumer as the U.S. economy digs itself out of its most recent recession.

    Economic analysts who feared that an improving economy and aggressive monetary policy would likely lead to inflation may be proven right. With costs of commodities such as oil and wheat jumping in recent months, many consumer-goods suppliers, food-service companies and other entities are saying price hikes will be necessary to offset the increased costs of raw material

    And this week, the U.S. Labor Department said February consumer prices increased 2.1% from a year earlier, the largest such jump since April 2010.

    Such inflation takes the buzz out of an improving job market that was expected to help out the average family. Earlier this month, the U.S. Labor Department said the economy added 192,000 jobs in February, while the nation's unemployment rate was 8.9%, down slightly from 9.0% in January and down from 9.7% in February 2010.

    So now that the typical family will have a few extra dollars to spend, here are 10 products that are going to eat up more of that cash:



    10 Products That Will Get More Expensive This Year - DailyFinance


    See full article from DailyFinance: 10 Products That Will Get More Expensive This Year - DailyFinance
     
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  2. strollingbones
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    strollingbones Diamond Member

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    ouch just plain ouch
     
  3. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    Good catch.

    CPI is going through the roof, but the Feds ignore it in order to perpetuate the fiction of keeping interest rates low as they recycle the debt. The recovery is so anemic that they think they can't afford to raise rates and keep the money supply in check.

    Get ready for a big old ugly period of Stagflation.
     
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  4. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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  5. Mr.Fitnah
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    Mr.Fitnah Dreamcrusher

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  6. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    Given the wheat shortage, even Top Ramen is going to get pricey.
     

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