7 Common Expenses Growing Much Faster Than Inflation
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"I continue to believe that the American people have a love-hate relationship with inflation. They hate inflation but love everything that causes it."
--William E. Simon
Former Treasury Secretary William Simon is right about our attitudes toward inflation. No one likes seeing the prices of things they need to buy rising -- but some of the underlying causes of inflation aren't so distasteful. For instance, when consumer demand outstrips supply, that can lead to price inflation -- but it also reflects a burgeoning economy and busy businesses. Over long periods, the average annual inflation rate has been around 3%, though it has surged into double digits on occasion and has recently run well below 3%.
Source: Fool.com
