On Inflation
Inflation can loosely be defined as prices which are on the increase. Bad national policy can lead to increased inflation. For example, a shift in energy policy from being energy independent to purchasing more oil from other countries led to an increase in fuel costs. These added fuel costs had to be charged in the cost of goods, creating a spiral of inflationary pressures on the prices across America.
The following is a “Deep Dive” discussion on U.S. Inflation, Historical Trends and Driving Factors.
