This is a real-world indicator of the plummeting purchasing power of the U.S. Dollar. Inflation is ravaging your savings by the day. Buy tangible assets now while you still can.
Smokingman gets the credit for researching & collecting this data. Each data point was averaged across at least 3 grocery stores. Yesterday I took the final reading and made this chart. Spread it around.
1950: 10 cents
1960: 15 cents
1970: 17 cents
1980: 21 cents
1990: 33 cents
2007: 39 cents
2008: 40 cents
2009: 45 cents
2010: 51 cents
2011: 60 cents (11-28-2011)
2012: 87 cents (09-21-2012)
As noted in another thread, there was a [STRIKE]28%[/STRIKE] 45% increase in 10 months, but the FED says inflation is under 2% annually.
Smokingman gets the credit for researching & collecting this data. Each data point was averaged across at least 3 grocery stores. Yesterday I took the final reading and made this chart. Spread it around.
1950: 10 cents
1960: 15 cents
1970: 17 cents
1980: 21 cents
1990: 33 cents
2007: 39 cents
2008: 40 cents
2009: 45 cents
2010: 51 cents
2011: 60 cents (11-28-2011)
2012: 87 cents (09-21-2012)
As noted in another thread, there was a [STRIKE]28%[/STRIKE] 45% increase in 10 months, but the FED says inflation is under 2% annually.
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