But the Fed would like to see prices rise more quickly than they currently are. When it announced the bond-buying program, the central bank said inflation is "somewhat low" compared to levels it considers consistent with price stability.
While flat prices may seem like a good thing for shoppers, the Fed wants to prevent deflation, a widespread and debilitating fall in prices and wages. Deflation also erodes the value of homes and other assets and makes it harder to pay off debts. The United States hasn't grappled with deflation since the Great Depression in the 1930s.
Funny how the very last sentence in this article is
Food prices rose slightly in October, the department said.
I've done several questions and from what I see people are noticing everything is going up. Once again the government is trying to hide something.
Answer by b_stotka at 11:35 AM on Nov. 17, 2010
Answer by Izsarejman at 11:37 AM on Nov. 17, 2010
Answer by gammie at 11:37 AM on Nov. 17, 2010
Answer by NotPanicking at 12:40 PM on Nov. 17, 2010
Answer by musicmom08 at 12:57 PM on Nov. 17, 2010
Answer by tasches at 1:01 PM on Nov. 17, 2010
Answer by duckigrrl at 1:08 PM on Nov. 17, 2010
Answer by UpSheRises at 1:26 PM on Nov. 17, 2010
Answer by Carpy at 2:26 PM on Nov. 17, 2010