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2007 Inflation Rate

News Flash: 2007 Saw Fastest Inflation Jump in 17 Years

Consumer prices rose in 2007 at the fastest pace since 1990. Prices rose the most for energy, food, health care, housing and education but they fell for clothing, new cars and computers. Core inflation — which the Fed closely monitors and excludes food and energy — dropped slightly and that's a sign of economic slowdown. This will be a big talking point when the Fed meets on January 30.

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pinkdragonfly pinkdragonfly 9 years
Blah. Depressing to think that it may only get worse...
onabanana onabanana 9 years
Yea...I did ok Econ, but it's always seemed like fuzzy math to me. I think it will be interesting when we start using ethanol more. It's mostly made from corn at the moment but corn is used to make corn syrup, which is in almost everything we eat that's processed! So if the price of corn goes up, me thinks the price of a lot of food is going to go up even more. Hmmm, maybe that's not all bad....I'd eat fewer chips if it cost more.
raieven raieven 9 years
OT: that womans face is so annoying!
chancleta chancleta 9 years
i know it hurts too
Row-D Row-D 9 years
I was about to be flummoxed by the fact that food and energy prices are excluding when calculating inflation. Because they seem to effect people quite severely! But.. reading Onabanana.. ok. they are excluded becasue they are so volatile and would send everyoen into hysterics? (Can you tell I got a D in Econ?)
onabanana onabanana 9 years
Seriously though, this is a problem. but excluding food and energy prices which are volatile, inflation still sits well below 4% not that 4% is low but in Zimbabwe its like 300%. So...look on the bright side, no bartering. Eh...silver linings.
onabanana onabanana 9 years
Barter system! J/K
ilanac13 ilanac13 9 years
now if only paychecks and income were increased at the same rate we would be in business. things cost more but we don't make more
Angelica Angelica 9 years
Yikes!
freegracefrom freegracefrom 9 years
Say it with me, everybody: R e c e s s i o n.
kitkatherine kitkatherine 9 years
eek. not good.
SkinnyMarie SkinnyMarie 9 years
Ugh, don't remind me! I actually had a very good business teacher in college who told us that we would be facing inflation very soon (4 years ago). The value of our dollar is based off of the oil prices. Because a barrel is listed in US dollars, if the price of a barrel goes up, the value of our dollar goes down. It looks like he knew it!
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