It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
(visit the link for the full news article)
The government's Consumer Price Index is up only 4% over the last year -- but for most Americans, the pinch feels much worse. Here's why.
The prices now rising fastest are the ones people see the most. Gas prices hit a record $3.78 a gallon on May 15, according to AAA, up 38 cents in the past month. Food prices in April notched the biggest monthly jump since 1990.
So while the prices of some important items bought less frequently -– cell-phone service, clothing, a house -- have fallen or remained flat, the view at the checkout counter is grim
Originally posted by St Udio
...Up till yesterday, 25 May 2008, when the USA gave approval to the UAR and Qatar to de-peg from the USDollar and create a basket of GCC (& possibly the Euro among other currencies) in direct competion with the USA petrodollar.