tough times for families inflation

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MS Paint Art - July 2008

Inflation hits consumers hard

July 17th 2008 09:20

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Jul 16 - A new report finds inflation growing at its fastest pace since 1991 thanks to high energy and food costs.

For consumers, the news was grim. Inflation is in fact soaring at a dramatic pace. For the Federal Reserve the report presents yet another challenge.

Bobbi Rebell reports from New York.

SOUNDBITES:

Robert Dye, Senior Economist, PNC Financial Services Group

Federal Reserve Chairman Ben Bernanke

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Posted By: katyzzz - Category: No Category

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4 Comments. [ Add A Comment ]

Comment by tlcorbin

July 17th 2008 22:16

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It's serious, but we'll get through these times, and oddly enough, it may one day be referred to as, "the good old days."

Comment by katyzzz

July 18th 2008 00:21

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I prefer the "bad" old days, it just about knocked my adcents right out, so I've economized by not using so much colour, hence the white.

Comment by tlcorbin

July 18th 2008 00:32

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. . and that helps by allowing you to upload quicker?

Comment by katyzzz

July 18th 2008 01:54

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Oh, I hadn't thought of that, I guess you'd need to know about economics to understand what I meant. ( or theatre of the absurd, or something)

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