inflation has been here for 5 years.............
or more already. It's just that the government changed the way they calculate it a while back to exclude food and oil, so they say we don't have any inflation. Think about how much your weekly groceries and tank full of gas cost now as compared to even 5 years ago and you can't deny it. The reason we dont' have inflation is because the fed's mortgage loan underwriting standards are so tight that most people can't qualify to get a mortgage at a reasonable rate. That's why so many people are renting now instead of buying and there has been so little inflation in home prices, because the government has made it very difficult for the average person to buy. And when you can't write mortgage loans houses don't' sell, and when houses don't sell, home prices are stable or decline and there is no inflation. It's all government manipulation. The end will happen when the rest of the world economy shifts away from settling commercial transactions in US dollars. When the dollar is no longer the "gold standard" of world currencies, we'll be rocked with inflation because we won't be able to deal with our foreign debt to China. We'll print more money to try to deal with it but that will just fuel more inflation. IT's coming, just be prepared.