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For those of us with bills to pay and groceries to shop for (wasn't life grand when you were a teenager?) you undoubtedly know that everything is getting more expensive. We don't have it as bad as Hawaii (I read that a gallon of OJ is about $8 bucks now over there) but things are still bad. I bought a six pack of Bass the other day and it cost me over $9. Ouch.

Here's a few more statistics:

The same basket of alcoholic beverages bought in June 2008 cost 4.3 percent more than in June 2007, the government reported. Nationwide, alcoholic beverages grew by only 3.1 percent during the same period.

The pricetag for dining out grew 5.1 percent in Greater Boston — less than the 6.1 percent nationwide increase.

The local killer was household energy. Resident of Greater Boston saw prices increase 19.5 from June to June, while the nation as a whole saw an increase of only 13.7 percent.

Hold on to your seats, it's going to be a bumpy economic ride.

Click (here) to read the article.



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1 Response to "Inflation + Recession = Bye Bye Savings"

  1. Consumer United Said,

    Better deals together? Absolutely.

    There's power in numbers with a new Boston-based consumer group called Consumer United http://www.consumerunited.com/sign-up

    Our goal is to offer members a collection of cost-cutting tips, insider analysis and Consumer United-crafted research. The people who join our network are ordinary consumers, folks like you, who have come together to identify the best service providers, negotiate better deals and simplify their lives.

    Bottom line More people, more savings

    Posted on 7/17/08, 1:32 AM

     
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