inflation rose double what was expect last month!

Article link:
http://www.msnbc.msn.com/id/23361598/


Wholesale inflation rates rose one percent last month as opposed to .5 percent which is what was expected. The U.S. Labor Department reported a 1.5 percent increase in energy prices and a 2.9 percent increase in gasoline prices in the past month. In the past 12 months, wholesale inflation prices have since the largest increase; 7.5 percent. This in the greatest increase in over 26 years; since 1981!
The teetering economy is also seen in grocery stores. Retail prices are at an all-time high. "When I first started, bananas were like seven cents a pound, and now they're $1.14," said Ernie Rozo, a produce worker of 37 years. Not only has this affected food prices (where there has been an average of a 1.55 percent increase between December and January), but it has also affected bakery prices which climbed 2.7 percent (the greatest increase since March 1974).

The increase in just the past month is interesting. One percent doesn't seem like much, but then you think about what it's done to gas prices alone. No one likes hearing that we may soon be at $4 a gallon. I wonder if inflation will ever go down by a large amount. I doubt it, but who knows. Gas prices back to $.75 a gallon? Sadly, with the economy in this day and age, that's just not going to happen!