Inflation is on the rise. See what economists and financial publications are saying:
From "CFO.com" (June 24, 2004), "Prices start to creep up; possible pockets of inflation include the airline, food, and transportation industries..."
From "Financial Trend Forecaster" (July 27, 2004), the Moore Infaltion Predictor.
From Charles W. de Seve, Ph.D., president of the American Economists Group:
"Large purchases of U.S. debt by Asian countries has held inflation during 2004 below the rapid price increases ordinarily the result of heavy war spending and aggressive tax cut during a rising economy. However, we expect to see an upward trend in prices growing over 2005 and into the future. By 2006 inflation is expected to be running in the 4.0 to 4.5% range. Factors contributing to inflation's return include federal deficit spending and a growing private sector. Investment in plant and equipment is waffling a bit, but consumer demand continues to be strong, and federal, state and local government demand is rising. Higher oil prices contribute to this inflation cocktail. Based on the economic data we review as part of our practice, we believe that inflation has returned for the foreseeable future."
From "MSN Money" 25 items -- butter to bikes -- soaring in cost...