Tuesday, August 16, 2011

New High: 93% Say They're Paying More for Groceries Than A Year Ago

In the No $hit category, Americans are paying more for groceries than they did last year.  But, but, but, I thought Bernanke said inflation was "transitory"?  Readers of this blog and others have for years figured out official BLS CPI data have been understated.  But hey, we're all just stupid zombie consumers with maxed out credit cards, right? 

Americans nationwide continue to lose faith in the Federal Reserve Board to keep inflation under control, with the number who say they are paying more for groceries now at an all-time high. 

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