Inflation is back

After all these years, it looks like inflation is back. Here are the latest national figures from the US Department of Labor. 

The nice part of inflation is that interest rates are high enough that you don't have to gamble on the stock market to make any money. I remember when I had a savings account at Silverado in Denver and the interest rates were 16 per cent. Of course Silverado eventually went bankrupt but that is a story for another day. It also means that if you buy anything, you can be assured it will go up in value. That is not always true, condos can be fickle about gaining value, but can be true for other things. 

Driving around yesterday I noticed the gasoline had crept up to over three dollars a gallon. Eggs have also crept up. The thing I have noticed the most is the increase in the tabs at the local taverns. Right now interest rates are still low, however. We'll see how long that lasts.