Wednesday, February 1, 2012
DEFLATION BY INFLATION
8:22 PM | 
Posted by
pensionfinancialservices |
You’ll forgive Americans for embracing, when it comes, Daylight Savings Time because, with the effects of inflation, an hour may be one of the few things they can save in the present economic climate.
So exactly how bad are things? Not as bad as you might think if you believe the Consumer Price Index (CPI). But as economist Fritz Meyer says, its accuracy “all depends on what you consume most.” There are rising and lowered percentages attendant to various categories (like, for example, food, housing and clothing), but really now, who pays very much attention to government percentages when they’re at a supermarket check-out or a gas pump?
No matter what the CPI says, it feels like costs are out of control. Especially, Meyer’s analysis finds, the cost of health care, college tuition and legal services, And then there’s energy: gasoline costs alone spiked to almost 20% during the 12 months that ended in November, so if you drive a lot, we feel your pain.
At Pension Parameters Financial Services, statistics are only one instrument in our tool box. We constantly consult all the data, but analyze it in relation to your real-life needs and goals for the present and the future. The economy, for good and bad, is always changing, but at PPI, we’re always aware that you can’t put a price on being confident and secure that the service we provide promises value—not volatility—in your financial planning.
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