Main headline from a major financial site - Inflation stays caged in April
And now these sub-headlines:
- Consumer prices overall rise just 0.2% — half that when food and energy are excluded.
- Food prices see biggest increase in 18 years.
- Inflation likely to rise in 2009, mutual fund managers believe
Inflation is here. The charts have been talking about it for a year and a half and all the government and economic wonks out there probably don't live in blue collar neighborhoods.