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US inflation remains, thankfully, benign for now [ClearOnMoney]
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US inflation remains, thankfully, benign for now

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Commentary

US inflation remains, thankfully, benign for now

27 Aug 2012 by Jim Fickett.

Since US inflation remains, happily, a boring story, I'm only checking in every few months. Core inflation (i.e. less food and energy), is at 2.1%, right near the Fed target of 2%. That means that the artificially low rates engineered by the Fed are stealing a mere 2% of all savings annually. Not a bad haul but, since I remain convinced that high inflation is very likely in a few years, I'm grateful to only have 2%/year stolen for now.