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- US inflation hits 5 percent
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The alarms bells are screaming; the warning lights are flashing red; US inflation is raging. Last month, inflation hit 5 percent.In June alone the US CPI jumped up 1.1 percent. If it continues to grow at 1.1 percent a month, in 12 months time, the US will have an inflation rate of 14 percent. Let it go at 1.1 percent a month for two years and prices will be up 30 percent. That is the miracle of compounding….
Original Source: ukhousebubble.blogspot.com
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16 July, 2008| housingblogs |
@ 13:23
