Intuitive consumers note this is not a new event. By our own family accounting we have seen these increases for the past few years.
I think over the next few years we will start to see some media awareness (only a couple years to late… kind of like housing eh rich?)
All in all though the inflationary bubble (to me) has been slowly inflating for a few years now and we will start to see that pace quicken.
For those who actually lend credence to any official government or fed statements regarding inflation or even unemployment for that matter, just go back and google what they were saying about housing in 2006.
