I enjoy reading Gary D Halbert's weekly enewsletter because he always has something to think about.
Part of what he was talking about this week caught my attention. At least I know I'm in good company:
""Let’s face it, how can inflation be only 1.2% over the last year when we’ve seen the prices of many commodities rise sharply? On average, our basic food costs have increased by almost 50% over the last year (as measured by wheat, corn, oats, and canola prices). Beef and pork prices are up almost 40% over the last year. Cotton prices are up over 50%. Your morning cup of coffee with a little sugar has risen by around 35% since last October."
Yes, let's face it. Food prices are soaring, and cotton clothing will soon. It's not a good situation, money-wise and the immediate future does not look rosy.
And "they" tell us that inflation is low? It's an interesting discussion that you might want to read for yourself:
Inflation Coming Sooner Rather Than Later