Inflation's Pinch Creeping Closer
Sunday January 16, 2005
Marc Levy of the Associated Press on the fear of rising prices:
"After a decade of relatively tame prices, consumers are starting to feel the "ouch" of inflation as the cost of everything from coffee, candy and home appliances is marching higher.
It's not a sharp pain yet, and some call it hardly noticeable. But with companies such as Procter & Gamble Co., Hershey Foods Corp. and Whirlpool Corp. passing along the higher prices they pay for raw materials to their customers, it's beginning to get attention from people who shop in grocery, appliance and department stores.
It's also getting noticed by officials of the Federal Reserve, and that could mean higher costs for everything from car loans to home mortgages."
Expect to see interest rates rise in the future, which would both slow inflation, and strengthen the U.S. Dollar.
More information on inflation and deflation:
1. What is Inflation?
2. Why Don't Prices Decline During A Recession?
3. Cost-Push Inflation vs. Demand-Pull Inflation
4. What is the Demand For Money?
In other news Chapter 8 of Conte and Carr's Outline of the U.S. Economy is now on the site:
CHAPTER 8: American Agriculture: Its Changing Significance
1. Agriculture and the Economy
2. Early Farm Policy in the United States
3. Farm Policy of the 20th Century
4. Farming Post World-War II
5. Farming in the 1980s and 1990s
6. Farm Policies and World Trade
7. Farming As Big Business
"After a decade of relatively tame prices, consumers are starting to feel the "ouch" of inflation as the cost of everything from coffee, candy and home appliances is marching higher.
It's not a sharp pain yet, and some call it hardly noticeable. But with companies such as Procter & Gamble Co., Hershey Foods Corp. and Whirlpool Corp. passing along the higher prices they pay for raw materials to their customers, it's beginning to get attention from people who shop in grocery, appliance and department stores.
It's also getting noticed by officials of the Federal Reserve, and that could mean higher costs for everything from car loans to home mortgages."
Expect to see interest rates rise in the future, which would both slow inflation, and strengthen the U.S. Dollar.
More information on inflation and deflation:
1. What is Inflation?
2. Why Don't Prices Decline During A Recession?
3. Cost-Push Inflation vs. Demand-Pull Inflation
4. What is the Demand For Money?
In other news Chapter 8 of Conte and Carr's Outline of the U.S. Economy is now on the site:
CHAPTER 8: American Agriculture: Its Changing Significance
1. Agriculture and the Economy
2. Early Farm Policy in the United States
3. Farm Policy of the 20th Century
4. Farming Post World-War II
5. Farming in the 1980s and 1990s
6. Farm Policies and World Trade
7. Farming As Big Business
Comments
No comments yet. Leave a Comment