Comments on: Inflation: What Is It And Why Should I Care? http://www.thesimpledollar.com/2007/02/26/inflation-what-is-it-and-why-should-i-care/ Financial talk for the rest of us Sat, 16 Feb 2013 01:14:45 +0000 hourly 1 http://wordpress.org/?v=3.5.1 By: Macinac http://www.thesimpledollar.com/2007/02/26/inflation-what-is-it-and-why-should-i-care/#comment-145285 Macinac Mon, 31 Dec 2007 06:20:41 +0000 http://www.thesimpledollar.com/2007/02/26/inflation-what-is-it-and-why-should-i-care/#comment-145285 End of 2007 and I think it’s time to revisit this. I’m seeing big increases in food prices, possibly because of corn being used for ethanol as well as for food. Corn has many food related uses: animal feed for producing meat, oil, sweetners, and many others. In addition to this, I was shocked when I went to buy games as Christmas presents for my kids; and that was at Wal-Mart! I am over 65 and my cost for Medicare Part D has gone up. It would be interesting to see what a realistic “basket of goods and services” has done. Interestingly, in my Minnesota town, house prices have not decreased even though sales have collapsed. Theoretically one clever house purchase could make up for a lot of inflation elsewhere.

]]> By: Matias http://www.thesimpledollar.com/2007/02/26/inflation-what-is-it-and-why-should-i-care/#comment-50494 Matias Thu, 26 Jul 2007 20:10:52 +0000 http://www.thesimpledollar.com/2007/02/26/inflation-what-is-it-and-why-should-i-care/#comment-50494 Hi Trent, inflation… a big thing, my country knows it well. Here is a site to check http://www.gti.net/mocolib1/prices/index2004.html
On the other way, CPI (In Argentina, IPC)is an index that measures some stores or services (it´s impossible to make a survey of the prices of every store!) and that index is used to compare the costs of goods and services in a period of time. Where is the trick? Every gov´t knows which stores and services are being measured, so, when they do the survey, they “touch down” the prices of only that stores, am I clear enough?
So, in a short period of time yes, think that your inflation is about 4% (that is not very good, either), but in the long run, think about 10 or 20% per year, if you think I am crazy, check the price of something, eg, a regular new car, 20 or 30 years ago and today, you´ll be amazed. Don´t forget it, you are planning for the long run! So, keep it simple and enjoy your life and family, don´t get crazy about economy, be wise and prepared and.. visit other blogs around! it´s funny how every part of the occidental world have the same problems and issues!
See you

]]> By: Virgie http://www.thesimpledollar.com/2007/02/26/inflation-what-is-it-and-why-should-i-care/#comment-28276 Virgie Wed, 23 May 2007 21:33:36 +0000 http://www.thesimpledollar.com/2007/02/26/inflation-what-is-it-and-why-should-i-care/#comment-28276 How can you say that inflation at about 3-4% per year is no big deal? In normal economics, 3-4% inflation is considered an emergency.

And also, check out the way the government calculates CPI (consumer price index). They’re cheating! They’re not including gas or food, because these prices are “too volatile.” And if prices go up on electronics, for example, they’re deducting for the “additional value” you’re getting form the higher technology. And then, the ultimate insult, they are assuming that if prices go up on an item, you would buy less of it, so it wouldn’t cost you more. CHEATERS! Real inflation is probably running at 8-10% So holy cow! Try finding a savings account that’s keeping up with inflation!

And food prices has gone up 17% in the last 12 months.

Inflation IS a big deal!

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